Prepare The T Accounts For Each Account Enter The Unadjusted Balances Post The Adjus 3951502

At December 31, the unadjusted trial balance of H&R Tacks reports Interest Payable of $0 and Interest Expense of $0. Interest incurred and owed in December totals $470.


  1. Prepare the adjusting journal entry on December 31.

  2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

Prof. Angela


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