Question 10 of 11 < > View Policies Current Attempt in Progress The following section is taken from Pharoah's balance sheet at December 31, 2021. Current liabilities Interest payable $54,000 Long-term liabilities Bonds payable (10%, due January 1, 2025) 540,000 Interest is payable annually on January 1. The bonds are callable on any annual interest date. (a) -13 Journalize the payment of the bond interest on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1. 2022