I. Interest has accrued at too on the long - term notes payable since August 1, 2018 . The next six - month interest payment at 746 on bonds payable is due on February 1 , 2014 ."The interest accrued at 12/31/'18 On the short - term note payable of $ 15, and a 1046 is $1, 500. Interest for the short - term note payable is payable on January 2, 2019 . ( The note is due in 2014. ; I Note ; No Entry to amortize the discount on bonds parable Is necessary . Ignore the discount when calculating interest .]