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For each of the four independent situations below, prepare a single journal entry that summarizes the recording and payment of interest and determine the amount

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For each of the four independent situations below, prepare a single journal entry that summarizes the recording and payment of interest and determine the amount of cash paid for bond interest. All dollars are in millions Complete this question by entering your answers in the tabs below. Cash Paid for Interest General Journal Calculate the amount of cash paid for bond interest. (Enter your answers in millions (ie., 10,000,000 should be entered as 10).) Situation Interest Payable Increase (Decrease) 1 2 Interest Expense 20 20 20 20 0 Unamortized Discount Cash Pald for Increase (Decrease) Interest 0 0 (6) (6) 4 3 4 0 (4) General Journal > No Event General Journal Debit Credit 1 1 Bad debt expense 20 OX Cash 20 2 2 20 > Accounts payable Cash Interest payable 16 O 4 3 3 20 $ Accounts payable Cash Discount on bonds payable O 14 6 4 20 Accounts payable Bonds payable Cash Discount on bonds payable * * * 4 18 00 00 6

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