On 30 June 2017, the accountant for Nigel the Maintenance Man calculated that 1 month’s interest of $420 had accrued on a bank loan. An interest payment of $1600 was made on 30 September 2017.

Required

A. Give the adjusting entry needed on 30 June 2017.

B. Give the closing entry.

C. Give the reversing entry that could be made on 1 July 2017 and the subsequent entry to record the payment of 30 September 2017.

D. Assuming that no reversing entry was made, give the entry to record the interest payment on 30 September 2017.