Exercise 15-3 On lanuary 1, 2017, Farestfr Crmpanv i-su-1 5765,S00, 7%, 5-vear herds at fo vakInterest is payable annual , on aruary 1 he bends. (Credi Datc Account Titics and Explanation an. 1, 2017 Prepare thaumal entry to recard the acenual ointest anDer , 2017. (rit acaunt tittes are automatically indented wen otisotered. Da ont indant aanay Crodi masally) Date Account Titles and Explanation Deblt DRc. 31, 2017 prepara tr. aurral entry ter card th payment t intarest on Ianuary 1 2018. Credit aceiint tities are antoaat cally inde nted when amount i.atared o "at in nt maaliai . Date Account Titles and Explanation Debit Credit an. 1, 2018