See the Worid Travel borrowed $28,000 on September 1,2024 , by signing a one-year, 6% note payable to Area One Bank. Requirements 1. Calculate the amount of interest expense to accrue at December 31,2024 . 2. Record the adjusting entry to accrue interest expense at December 31,2024 , 3. Post the adjusting entry to the T-accounts of the two accounts affected by the adjustment. Requirement 1. Calculate the amount of interest expense to accrue at December 31,2024. Interest to accrue = Requirement 2. Record the adjusting entry to accrue interest expense at December 31,2024 . (Record debits first, ther credits. Select the explanation on the last line of the journal entry table.)