The entry on July 1, 2018 for payment of interest (do not include ortization) is: 28,800 32,000 14,400 16,000 Interest Expense 28,800 b. Interest Expense cash Inter d. Interest Expense Cash 32,000 Interest Expense 14,400 Cash 16,000 4. The entry on July 1, 201 to record the amortization is: Interest Expense Premium on Bonds b. Discount on Bonds Interest Expense C. Premium on Bonds Interest Expense d. Interest Expense Discount on Bonds estions 25-28: TrueFalse (A-B) The ma turity value of a $28,000 90 day 5% note is $350. . When you debit bad debts expense under the allowance method, this represents the actual bad debts incurred for a given period. The current ratio determined how liquid a business is Anal yzing budgets, sales forecasts, and labor productivity Is part of managerial accounting. Which of the following payroll withholding items is payable to th employee at retirement age? a. Federal Withholding Tax b. Federal Unemployment Insurance Tax Social Security Tax d. State Sales Tax Payable