Financial Accounting 1100 Mastery Assignment Ch.4 Complete the following

Complete the following problems in Excel. Use a different tab for each problems using the correct number format. Make sure you use two accounts (debit and credit) for the adjusting entries. Read the problems carefully. PA10.) Prepare journal entries to record the following transactions. Create a T-account for Interest Payable, post any entries that affect the account, and tally the ending balance for the account (assume Interest Payable beginning balance of $2,500). A. March 1, paid interest due on note, $2,500 B. December 31, interest accrued on note payable, $4,250