Prepare the entry that each company would record for the payment of interest on December 31, 2024. (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 O for the amounts. List all debit entries before credit entries.) Date Account Titles Sunland Limited Dec. 31 Interest Expense Bramble Corp. Dec. 31 Interest Payable Debit Credit Vaughn Inc. Dec. 31 When market interest rates were 5%, three companies issued bonds on January 1, 2024. Each company has a December 31 year end and each company issued bonds with a face value of $410,000 that pay interest annually on December 31. Sunland Limited sold its bonds at 100 and offered a coupon interest rate of 5%, while Bramble Corp. sold its bonds at 93 and offered a coupon interest rate of 3%. Vaughn Inc. sold its bonds at 102 and offered a 7% coupon interest rate.