S Sing has liquidity problems and an account payable, S Arnautovic, has applied interest on the overdue

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S Sing has liquidity problems and an account payable, S Arnautovic, has applied interest on the overdue portion of the account still not paid. The amount owing to S Arnautovic is $14 000 and interest has been charged at 10% p.a. for four months (rounded to the nearest dollar).

Prepare the appropriate journal for S Sing to process the above transaction.

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