7 Help Save & Exit Submit Check my work The Eldorado Corporation's controller prepares adjusting entries only at the end of the reporting year. The following adjusting entries were prepared on December 31, 2021 Interest expense Debit 42,120 Credit Interest payable 42,120 Rent expense 26,000 Prepaid rent 26,000 Interest receivable 1,200 Interest revenue Additional information 1. The company borrowed $468,000 on March 31, 2021. Principal and interest are due on March 31, 2022. This note is the company's only interest-bearing debt 2. Rent for the year on the company's office space is $39,000. The rent is paid in advance. 3. On October 31, 2021, Eldorado lent money to a customer. The customer signed a note with principal and interest at 9.0% due in one year Required