Your answer is partially correct. Try again. Record the accrual of interest expense on November 30, 2017 and first two instalment payments, on December 31, 2017, and March 31, 2018 assuming that the terms provide for quarterly blended principal and interest payments of $95,957, rather than fixed principal payments of $90,000, plus interest. (Round answers to the nearest whole dollar, e.g. 5,250. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit 7,200 Credit Nov. 30, 2017 Interest Expense Interest Payable Dec. 31, 2017 Bank Loan Payable Interest Payable 95,957 7,200 Interest expense 3,600 Cash Mar. 31, 2018 Bank Loan Payable 95,957 Interest Expense 9,840 Cash 7,200 106,757 105,797