red boxes are wrong plz help On January 1, 2017, Forrester Company issued $266,500,7%,...
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red boxes are wrong plz help
On January 1, 2017, Forrester Company issued $266,500,7%, 5-year bonds at face value. Interest is payable annually on January 1. Your answer is partially correct. Try again. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1, 2017 tash ||26650000 Bonds Payable 1 26650000 Your answer is partially correct. Try again. Prepare the journal entry to record the accrual of interest on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31, 2017 Interest Expense 1865500 Interest Payable 1865500 Your answer is partially correct. Try again. Prepare the journal entry to record the payment of interest on January 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan 1, 2018 Interest Payable T1865500 1965500
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