Please answer Part C$.($c$)$

Assuming that interest and discount amortization are recorded each May $31,$ prepare the adjusting entry to be made on

December $31,2026.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is

required, select $"$No Entry" for the account titles and enter O for the amounts. List alf debit entries before credit entries. Round answers to $0$

decimal places, es$.25,000.)$

Account Titles and Explanation