how do i do this

Brief Exercise 3-12 (Algo) Record the adjusting entry for interest payable (LO3-3) Midshipmen Company borrows $14,500 from Falcon Company on July 1, 2024. Midshipmen repays the amount borrowed and interest of 12%(1%/month) on June 30,2025. Required: 1.\&2. Record the necessary entries in the Journal Entry Worksheet below for Midshipmen Company. 3. Calculate the 2024 year-end adjusted balances of Interest Payable and Interest Expense (assuming the balance of Interes Payable at the beginning of the year is $0 ). Complete this question by entering your answers in the tabs below. Record the necessary entries in the Joumal Entry Worksheet below for Midshipmen Company. (If no entry is required for a particuiar transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet 5 Record the borrowing of $14,500 by Midshipmen on July 1,2024. Note: Enter debits before credits