Answer the following questions that are related to the following Interest Payable T$-$account:Interest PayableDebitCredit February $1$ balance$1,230$February transactions$1,420$February $28$ adjustment? February $28$ balance$2,120$Required:What is the amount of the February $28$ adjustment?What account would most likely have been credited for the amount of the February transactions?What account would most likely have been debited for the amount of the February $28$ adjustment?Why would this adjusting entry have been made?