Exercise $4-21($Algo$)$ T$-$account analysis LO $4-6,4-7$

Answer the following questions that are related to the following Interest Payable T$-$account:

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.

Req B to D

What is the amount of the February $28$ adjustment?

February $28$ adjustment