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Prepare the journal entry for the payment of interest on April 1, 2021. Assume no reversing entries have been used. (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 Apr. 1, 2021 Account Titles and Explanation Interest Expense Bonds Payable Interest Payable (To record interest payment.) Debit Credit : : : : Pharoah Corporation issued $300,000 of 5-year bonds on April 1, 2020. Interest is paid semi-annually on April 1 and October 1. Below is a partial amortization schedule for the first few years of the bond issue. Semi-Annual Interest Interest Interest Bond Period Payment Expense Amortization Amortized Cost Apr.1, 2020 $313,833 Oct. 1, 2020 $6,000 $4,707 $1,293 312,540 Apr. 1, 2021 6,000 4,688 1,312 311,228 Oct. 1, 2021 6,000 4,668 1,332 309,896 Apr. 1, 2022 6,000 4,648 1,352 308,544 Oct. 1, 2022 6,000 4,628 1,372 307,172 Apr. 1, 2023 6,000 4,608 1,392 305,780