Question 54 The following section is taken from Greene Corp's balance sheet at December 31, 2019. Current liabilities Interest payable Long-term liabilities Bonds Payable, 9%, due January 1, 2021 $ 180,000 2,000,000 Interest is payable annually on January 1. The bonds are callable on any interest date. (s) Your answer is correct. Journalize the payment of the bond interest on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Interest Payable Cash Cash Debit Credit 180000 180000 BACK NEXT