Rock Castle Construction-General journal entries 8-2.

At the end of every quarter, Rock Castle Construction's controller makes everal general journal entries. In this problem, you will prepare and print general journal entries for the third quarter of the current fiscal year. Be sure to print each general journal entry before moving to the next one.

a. Rock Castle Construction started accruing the interest expense on its mortgage on a monthly basis, starting with the third quarter of the current fiscal year. Prepare and print a general journal entry dated 09/30/2022 to accrue the third quarter's interest expense on the mortgage payable. The quarterly interest expense incurred on the mortgage payable is $2,500. You will need to set up a new account on the fly for accrued interest. It will be an other current liability account and the account number will be #20300. The expense account is for Loan Interest is #62420.
b. The controller discovered that $445.79 of equipment repairs were mistakenly recorded in tools and machinery expense. Prepare and print a general journal entry dated 09/30/2022 to correct the misclassification. Use accounts #64230 and #64800 for your general journal entry.
c. The office manager discovered that the security deposit account #18700 includes $250 of prior years' security deposits that will not be able to be recovered from subcontractors. Prepare a general journal entry dated 09/30/2022 to remove the $250 from the security deposit account. Due to the small amount, the controller has decided to write off the $250 amount to the current year's activity in account #54500: Job Expenses-Subcontractors. Prepare and print the general journal entry