Date Credit On December 31, determined that APA will not be paying their outstanding balance. Wrote off the total amount of bad debt from APA Corp. issued a bond on December 31 with a face value of $53,000 at a stated annual interest rate of 4% and a market annual interest rate of 9%. The bonds mature in 10 years and interest is paid annually at the end of the period. Round all balances to the nearest whole dollar Credit CHECK ANSWER This is your last check for PART 1: Journal Entries Date Credit On December 31, determined that APA will not be paying their outstanding balance. Wrote off the total amount of bad debt from APA Corp. issued a bond on December 31 with a face value of $53,000 at a stated annual interest rate of 4% and a market annual interest rate of 9%. The bonds mature in 10 years and interest is paid annually at the end of the period. Round all balances to the nearest whole dollar Credit CHECK ANSWER This is your last check for PART 1: Journal Entries