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

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Accounting

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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 $500. Required: 1. Prepare the adjusting journal entry on December 31 2. Post the beginning balances and adjusting entries to the following T-accounts. Complete this question by entering your answers in the tabs below. Post the beginning balances and adjusting entries to the followina T-armunto

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