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Accounting Problem Please refer to Cash and Equivlants.png . Based off of this information, please share the Journal Entry to record Interest Accrued, if needed.

Accounting Problem

Please refer to Cash and Equivlants.png. Based off of this information, please share the Journal Entry to record Interest Accrued, if needed.

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Unadjusted Adjusted Trial Balance Adjustment Trial Balance Petty Cash 550 Bank of Montreal - Chequing 10,326 Bank of Montreal - Deposit 585,906 Royal Bank - Chequing 85,647 Short-term paper (A) 95,000 Short-term paper (B) 34,500 Restricted Cash 400,000 1,191,277 Short-term paper (A) 95,000 4 month paper @3.5% interest with Hilo Investments - Purchased November 1, 2020. Short-term paper (B) 34,500 45 day paper @2.5% interest - Purchased December 20, 2020 Restricted Cash 400,000 set aside for bank loan - have to maintain 10% of bank loan payable in restricted cash per agreement

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