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Prepare journal entries to record the interest payable on December $31,2024.($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 $0$ for the amounts.

List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit

Interest Expense

Interest Payable

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Solution

List of Accounts