For each of the four independent situations below, prepare a single journal entry that summarizes the...

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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 rounded to 1 decimal place 5,500,000 should be entered as 5.5).) Interest Payable Increase (Decrease) Situation Interest Expense Unamortized Discount Increase (Decrease) Cash Paid for Interest aces 1 25 0 0 25.0 2 25 5.0 0 20.0 3 25 0 (7.5) 17.5 4 25 (5.0) (7.5) 22.5 Cash Paid for Interest General Journal > 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 rounded to 1 decimal place 5,500,000 should be entered as 5.5).) Interest Payable Increase (Decrease) Situation Interest Expense Unamortized Discount Increase (Decrease) Cash Paid for Interest aces 1 25 0 0 25.0 2 25 5.0 0 20.0 3 25 0 (7.5) 17.5 4 25 (5.0) (7.5) 22.5 Cash Paid for Interest General Journal >