Thompson Travel borrowed $34,000 on October 1, 2024, by signing a one-year, 4% note payable to State 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, then gre Date Debit Credit Accounts and Explanation Dec. 31 Requirement 3. Post the adjusting entry to the T accounts of the two accounts affected by the adjustment Choose from any list or enter any number in the input helds and then continue to the next question R 2 pts 4 of 7 (2.co Thompson Travel borrowed $34.000 on October 1, 2024 by signing a one-year, 4% note payable to State 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 Dec. 31 Requirement 3. Post the adjusting entry to the T-accounts of the two accounts affected by the adjustment Post the adjustment to the two accounts using a "Dec 31 posting reference, and then calculate and enter the ending balar Interest Payable Interest Expense Choose from any list or enter any number in the input fields and then continue to the next question MA