On January 1, 2013, George Co. paid $20,000 to the Federal Bank for accrued interest expense that had been accrued in an adjusting entry at the end of 2013.

Name: On January 1, 2013, George Co. paid $20,000 to the Federal Bank for accrued interest expense that had been accrued in an adjusting entry at the end of 2013.
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The Answer of On January 1, 2013, George Co. paid $20,000 to the Federal Bank for accrued interest expense that had been accrued in an adjusting entry at the end of 2013.