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  3. at december 31, the unadjusted trial balance of h&

At December 31, the unadjusted trial balance of H&R Tacks reports Interest Payable of $0...

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Accounting

At December 31, the unadjusted trial balance of H&R Tacks reports Interest Payable of $0 and Interest Expense of $0. Interest incurred and owed in December totals $490.

How would you prepare the adjusting journal entry on December 31?

How would you prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance?

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