Please create a journal entry & adjusting entries 12) Only part of the interest expense on the note payable, mortgage payable, and bonds payable has been expensed for the entire year. Determine the correct amount of total interest expense for the year and accrue what is necessary. 13) The Board of Directors declared dividends for the common shareholders of $50,000 plus the amount due for the preferred shareholders. No dividends have been paid for the year 2021. 14) The income tax rate is 20%. .

1. Please create a journal entry & adjusting entries
12) Only part of the interest expense on the note payable, mortgage payable, and bonds payable
has been
expensed for the entire year. Determine the correct amount of total interest expense for the year
and accrue
what is necessary.
13) The Board of Directors declared dividends for the common shareholders of $50,000 plus the
amount due for
the preferred shareholders. No dividends have been paid for the year 2021.
14) The income tax rate is 20%.