Craig Wells
03/31/2024 · Primary School

Previous Page Next Page 12 of 13 Question 19 ( 2 points) On January 1,2020 , Samwise COmpany issued \( ¥ 6,000,000,11 \%, 10 \) year bonds at face value. Interest is payable annually on January1. Prepare the journal entry to record the accrual of interest on December 31,2020 .

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Journal Entry: ``` Date: December 31, 2020 --------------------------------------- Interest Expense ¥ 660,000 Interest Payable ¥ 660,000 --------------------------------------- ```

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