=+31. Closed the interest expense account. 2011 June 30. Paid the semiannual interest on the bonds. Sept.

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=+31. Closed the interest expense account.

2011 June 30. Paid the semiannual interest on the bonds.

Sept. 30. Paid the annual payment on the note, which consisted of interest of

$28,000 and principal of $28,951.

Dec. 31. Accrued $6,493 of interest on the installment note. The interest is payable on the date of the next installment note payment.

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