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Please help me answer 1-3! Thank you! :) Fido's Food Mart Adjusted Trial Balance December 31, 20XX Account Title Credits Debits 52,898 10,250 1,260 20,390

Please help me answer 1-3! Thank you! :)
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Fido's Food Mart Adjusted Trial Balance December 31, 20XX Account Title Credits Debits 52,898 10,250 1,260 20,390 650 320 30,550 12,250 Cash Accounts Receivable Less: Allowance for Doubtful Accounts Inventory Supplies Prepaid Insurance Equipment Vehicle Less: Accumulated Depreciation - Equipment and Vehicle Accounts Payable Interest Payable Unearned Revenue (Gift Cards) Bonds Payable (mature 12/31/XX) Common Stock (200 shares @ $210/share, par $210) Retained Earnings Sales Revenue 1,780 62,128 0 275 12,000 42,000 0 134,725 40 Less: Sales Discount 64,330 34,840 3,260 1,780 160 Cost of Goods Sold Operating Expenses Bad Debt Expense Depreciation Expense Insurance Expense Interest Expense Rent Expense Supplies Expense Wages Expense Totals 0 5,750 1,200 15,500 254,168 254,168 Project #9: Interest Payable 55 In order to finance the opening of the store, Fido's Food Mart issued $12,000 of bonds that pay 10% interest annually. Interest is paid January 31 for interest that accrued during the prior year. Bonds were issued at face value on September 1. Required: 1. Calculate the interest payable to the bond holders from September 1 to December 31. 2. Record the adjusting journal entry for the interest payble. a. Show the balancing effects on the accounting equation b. Record the adjusting journal entry in two-line format using a debit and a credit. c. Show T-accounts with beginning balances, transactions, and end balances. 3. Prepare a new adjusted trial balance and highlight the accounts and amounts changed

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