Question 8 On May 1, 2017, Teal Industries AG issued CHF191,250, 12%, 5-year bonds at face value. The bonds were dated May 1, 2017, and pay interest annually on May 1. Financial statements are prepared annually on December 31. (d) Prepare the journal entry to record payment of interest on May 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 125.) Date Account Titles and Explanation Debit Credit May 1, 2018 Interest Payable 15300 Interest Expense Cash By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 3 used