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Prepare the journal entry for December 31, 2023 using the effective interest method. (Round answers to O decimal places, e.g. 8,971. Credit account titles are
Prepare the journal entry for December 31, 2023 using the effective interest method. (Round answers to O decimal places, e.g. 8,971. 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 December 31, 2023 Account Titles and Explanation Interest Expense Cash Debit Credit
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