The company determines that the interest expense on a note payable for the period ending December 31 is $775. This amount is payable on January 1. Journalize the entries required on December 31 and January 1. If an amount box does not require an entry, leave it blank. DateAccountDebitCredit December 31 January 1 Once the adjusting entries are posted, the adjusted trial balance is prepared to a. verify that the net income correctly flows into the statement of stockholders' equity from the income statement b. verify that the net income (loss) is correct for the period c. verify the correct flow of accounts into the financial statements d. verify that the debits and credits are in balance