Chapter $15$

Question $4$ of $5$

$\frac{23\mathrm{.}44}{25}$

Your answer is partially correct.

Assuming instead that Oriole has an August $31$ year end, prepare the adjusting entry related to these bonds on August $31,2024,$ as well as the subsequent interest payment on January $1,2025.($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 $0$ for the amounts. Record journal entries in the order presented in the problem.$)$

Date

Account Titles

Debit

Credit

Aug. $31,2024$

Interest Expense $$

$$

Bonds Payable $$

$$

Interest Payable $$

$$

$$

Jan. $1,2025$

Interest Payable $$

$$

$$

Interest Expense $$

$$

Bonds Payable $$

$$

Cash

$$

$$

$$

$$

$8,704$

$$

$97,000$

eTextbook and Media

List of Accounts

$97,000$

:$\text{'}$

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Attempts: $1$ of $5$ useD