Record the payment of interest on January 31, 2025, assuming the semi-annual amortization amount for this interest period is $988. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles Jan. 31 Interest Expense Bonds Payable Cash Debit 11021 Credit 321 10700
Record the payment of interest on January 31, 2025, assuming the semi-annual amortization amount for this interest period is $988. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles Jan. 31 Interest Expense Bonds Payable Cash Debit 11021 Credit 321 10700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Record the payment of interest on January 31, 2025, assuming the semi-annual amortization amount for this interest period is
$988. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not
indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
Date Account Titles
Jan. 31
Interest Expense
Bonds Payable
Cash
Debit
11021
Credit
321
10700
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