Current Attempt in Progress

On September $1,2024,$ Pharoah Corporation issued $$575,000$ of $10-$year, $3\%$ bonds at $97.$ Interest is payable semi$-$annually on

September $1$ and March $1.$ Pharoah's fiscal year end is February $28.$

$($c$)$

Your answer is partially correct.

Record the accrual of interest on February $28,2025,$ assuming the semi$-$annual amortization amount for this interest period is

$$972.($List debit entry before credit entry. 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.$)$

Date

Account Titles

Credit

Feb. $28$

Interest Expense

Bonds Payable

Interest Payable