The following section is taken from Gordon Corp. 's balance sheet at December 31, 2020.

Current liabilities
Interest payable		$240,000
Long-term liabilities
Bonds payable, 6%, due January 1, 2022		4,000,000

Interest is payable annually on January 1. The bonds are callable on any interest date.

(a)

Journalize the payment of the bond interest on January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1, 2021	enter an account title for the journal entry on Jan. 1, 2021	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on Jan. 1, 2021	enter a debit amount	enter a credit amount