Ridgewood Corporation, a publicly traded company, is authorized to issue 183,000 $4 cumulative preferred shares and an unlimited number of common shares. On January 1, 2018, the general ledger contained the following shareholders equity accounts:

Prepare the entry that each company would record for the payment of interest on December 31, 2018. (Round answers to o de Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Able Limited Dec. 31 Beta Corp. Dec. 31 Charles Inc. Dec. 31 Determine the balance in each company's Bonds Payable account on December 31, 2018. Balance in Bonds Payable account Able Limited A Beta Corp. " Charles Inc. " Record the issue of the bonds by each company on January 1, 2018. (Credit account titles are automatically indented when the amo indent manually.) Debit Credit Date Account Titles and Explanation Able Limited Jan. 1 Beta Corp. Jan. 1 Charles Inc. Jan. 1 Prepare the entry that each company would record for the payment of interest on December 31, 2018. (Round answers to o de Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Able Limited Dec. 31 Beta Corp. Dec. 31 Charles Inc. Dec. 31 Determine the balance in each company's Bonds Payable account on December 31, 2018. Balance in Bonds Payable account Able Limited A Beta Corp. " Charles Inc. " Record the issue of the bonds by each company on January 1, 2018. (Credit account titles are automatically indented when the amo indent manually.) Debit Credit Date Account Titles and Explanation Able Limited Jan. 1 Beta Corp. Jan. 1 Charles Inc. Jan. 1