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Quad Incorporated has an April 30, 2020 fiscal year end. An analysis of the long term liabilities has determined the year end accrued interest is

  1. Quad Incorporated has an April 30, 2020 fiscal year end. An analysis of the long term liabilities has determined the year end accrued interest is $3,000. In checking the general ledger, the interest payable account has an unadjusted balance of $2,800. Give the 4/30/20 adjusting entry(ies) for accrued interest.

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