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At the end of 2023 , Martinez Furniture Company failed to accrue $69,000 of interest expense that accrued during the last five months of 2023 on bonds payable. The bonds mature in 2035. The discount on the bonds is amortized by the straight-line method. The following entry was recorded on February 1, 2024, when the semiannual interest was paid: Required: 1-a. Prepare any journal entries necessary to correct the error, as well as any adjusting entry for 2024 related to the situation described. (Ignore income taxes.) 1-b. Prepare the journal entries that should have been recorded, if done correctly to start. Complete this question by entering your answers in the tabs below. Prepare any journal entries necessary to correct the error, as well as any adjusting entry for 2024 related to the situation described. (Ignore income taxes.) Note: Do not round intermediate calculations and round your final answers to nearest whole dollar amount. If no entry iswrequired for o transaction/event, select "No journal entry required" in the first account fleld. Journal entry worksheet of 2023 on bonds payable. The bonds mature in 2035 . The discount on the bonds is amortized by the straight-fine method. The following entry was fecorded on February 1,2024 , when the semiannual interest was paid: Required: 1-a. Prepare any journal entries necessary to correct the error, as well as any adjusting entry for 2024 related to the situation described. (Ignore income taxes.) 1-b. Prepare the journal entries that should have been recorded, if done correctly to start. Complete this question by entering your answers in the tabs below. Prepare the journal entries that should have been recorded, if done correctly to start. Note: Do not round intermediate calculations and round your final answers to nearest whole dollar amount. If no entry is required for a transaction/event, select "No journal entry reguired" in the first account field. Journal entry worksheet 2 Record the adjusting entry for interest on December 31, 2023 as it should have been recorded

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