S3-9 (similar to) Farran Restaurant borrowed $150.000 on October 1 ty signing and payable to More One Bark. The rest ease or each month is 1000. The loan agement Farraro top it on January 2 for October November wid December 1. Male Frame Trang entry to crve monthly esperse Oester 31, November, and at December 31, Oute cachory and include to ordet, the crossed on te of the many More the singer for Journal D Od ote payable to Metro One Bank. The interest expense for each month is $500. The loan agreement re expense at October 31, at November 30, and at December 31. Date each entry and include its explana Etobe i Requirements n 1. Make Farraro's adjusting entry to accrue monthly interest expense at October 31, at November 30, and at December 31. Date each entry and include its explanation. 2. Post all three entries to the Interest Payable account. You do not need to calculate the balance of the account at the end of each month. 3. Record the payment of three months' interest on January 2. Print Done