Ch. 4 Homework 3 33.34 points Sev Exercise 4-21 (Static) T-account analysis LO 4-6, 4-7 Answer the following questions that are related to the following interest Payable T-account Interest Payable Debit Credit February transactions February 1 balance 22,500 February 28 adjustment 18,000 February 20 balance 30,000 B H Required: 01 P References a. What is the amount of the February 28 adjustment? b. What account would most likely have been credited for the amount of the February transactions? c. What account would most likely have been debited for the amount of the February 28 adjustment? Why would this adjusting entry have been made? d. Complete this question by entering your answers in the tabs below. Reg A Req to D What is the amount of the February 28 adjustment? February 28 autent > Save & Exit Submi Check my work 3 Exercise 4-21 (Static) T-account analysis LO 4-6, 4-7 33.34 points Answer the following questions that are related to the following Interest Payable T-account Interest Payable Debit Credit February transactions February 1 balance 22,500 February 28 adjustment 18,000 look February 28 balance 30,000 References Required: a. What is the amount of the February 28 adjustment? b. What account would most likely have been credited for the amount of the February transactions? c. What account would most likely have been debited for the amount of the February 28 adjustment? d. Why would this adjusting entry have been made? Complete this question by entering your answers in the tabs below. Reg A b. What account would most likely have been credited for the amount of the February transactions? c. What account would most likely have been debited for the amount of the February 28 adjustment? d. Why would this adjusting entry have been made? b. The amount would be credited in the account e. The amount would be debited in the account d. The entry would have been made