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: Interest Payable Debit Credit February 1 balance February transactions 1,480 February 28 adjustment February 28 balance 1,160 2,140 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 A Req B to D What is the amount of the February 28 adjustment? February 28 adjustment < Req A Req B to D > Req A Req B to D 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 c. The amount would be debited in the account d. The entry would have been made < Req A Req B to D >