Prepare the journal entry to record the payment of interest on January 1, 2018.

PLEASE HELP ME WITH PART C

Exercise 15-15 (Part Level Submission) Adcock Company issued $450,000, 6%, 20-year bonds on January 1, 2017, at 101. Interest is payable annually on January 1. Adcock uses straight-line amortization for bond premium or discount. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Jan. 1, 2017 Cash 454500 Bonds Payable 450000 4500 Premium on Bonds Payable SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 2 of 3 used (b) Your answer is correct Prepare the journal entry to record the aCcrual of interest and the premium amortization on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Dec. 31, 2017 Interest Expense 26775 Premium on Bonds Payable 225 Interest Payable 27000 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK T XT Attempts: 1 of 3 used (c) Prepare the journal entry to record the payment of interest on January 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Account Titles and Explanation Debit Date Jan. 1, 2018