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Thompson Inc. borrowed 199.000 on October 1 by signing ance payable to Neighbourhood One Bank. The rest expense for each month is $330. The loan

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Thompson Inc. borrowed 199.000 on October 1 by signing ance payable to Neighbourhood One Bank. The rest expense for each month is $330. The loan agreement s Thompson is to pay interest on December 31 1. 2. 3. Make Thompson 's adjusting entry to cou r t expense and interest gyobi Odober 31. November 30 and at December 31 Date each entry and includes explanation Post all three nines to the Payable account. You need to take the balance of the account the end of each month Record the payment of three month interest December 31 Requirement 1. Thompson inesausting entry interes pense and pawbe r , Novr and December 31. Dale cachent and include its espation Record debits fire than Requirement 1. Make Thompson Inc.'s adjusting entry to accrue interest expense and interest payable at October 31, at November 30, and at December 31 credits. Enter explanations on the last line.) Make the adjusting entry to accrue monthly interest expense for October Journal Entry Accounts and Explanation Date Debit Credit Oct Make the adjusting entry to accrue monthly interest expense for November Journal Entry Date Accounts and Explanation Debit Credit Nov Make the adjusting entry to accrue monthly interest expense for December Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. 3. T o po merestat comel 31. Date Accounts and Explanation Debit Credit Dec Requirement 2. Post all three entries to the Interest Payable account. You need not take the balance of the account at the end of each month Interest Payable Requirement 3. Record the payment of three months' interest at December 31. Date Journal Entry Accounts and Explanation Debit Credit Doc Choose from any list or enter any number in the input fields and then continue to the next

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