this is pt 2

Your answer is partially correct. Prepare adjusting entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter O for the amount in the relevant debit OR credit box. Entering zero in ALL boxes will result in the question being marked incorrect. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,125. List all debit entries before credit entries.) Date Account Titles and Explanation December Accounts Payable 31 Interest Expense (To record interest on the note) December 31 Notes Payable Interest Expense (To record discount on the note) eTextbook and Media List of Accounts Debit Credit | 720 | | | 720