Cullumber company inssued $$350,000$ of $6$&$,20-$ years bonds on January $1,2025,$ at face value. Interest is payable annually on January $1.$ Prepare the journal entry to record the payment of interest on January $1,2026.($List all debit entries before credit entries.

Credit account titles are automatically indented when 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.$)$

Date

Account Titles and Explanation

Debit

Credit