Record the necessary adjusting journal entry at December 31, 2020 for Purple Company using the blanks provided. The debit entry is the first line and credit entry is second line. You need to type the full accounting name AND the dollar amount. (You do not need to record transactions made during the year). Assume that no financial statements were prepared during the year and no adjusting entries were recorded during that year. Purple borrowed $80,000 from BBB Bank on October 1, 2020. The interest rate was 7%. Interest for the period October 1 to December 31 is unpaid and unrecorded. A A/