b. Payment of interest and amortization of the bond discount on August 31, 2018. 2018 Aug 31 Credit Journal Entry Accounts Interest Expense Discount on Bonds Payable Cash Debit 10050 1050 9000 c. Accrual of interest and amortization of the bond discount on December 31, 2018 (fiscal year-end) Journal Entry Accounts Debit Credit 2018 Dec 31 Interest Expense Discount on Bonds Payable Interest Payable Choose from any list or enter any number in the input fields and then continue to the next question d. Payment of interest and amortization of the bond discount on February 28, 2019. Journal Entry Accounts Debit Credit 2019 28 Feb Interest Expense Interest Payable Discount on Bonds Payable Cash 9000 Requirement 4. Report interest payable and bonds payable as they would appear on Mackerel Corp's balance sheet at December 31, 2018 Liabilities Current liabilities Interest payable Long-term liabilities Bonds payable Less: Discount on bonds payable
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