Recording Interest Expense and Interest Paid: Wiley Plus

2:35 464 X C B N M 36 command MOSISO command OptiOF O education.wiley.com CH 10 Wiley Plus Homework NWP Assessment Builder UI Application NWP Assessment Player UI App Viley Plus Homework Question 3 of 11 < 3/3 3 : (b) Your answer is correct. Prepare the adjusting journal entry on December 31, 2022, to record interest expense. (Credit account titles are automatically indented when 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 Dec. 31 Interest Expense 210,000 Interest Payable 210,000 eTextbook and Media List of Accounts Attempts: 1 of 4 used (C) MacBook Pro Q - A 5 6 8 O W E R T Y U O P S D G H J K education.wiley.com 83 CH 10 Wiley Plus Homework we NWP Assessment Builder UI Application NWP Assessment Player UI Appli Viley Plus Homework Question 3 of 11 3/3 (C) Your answer is correct. Prepare the journal entry on January 1, 2023, to record interest paid. (Credit account titles are automatically indented when 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 Interest Payable 210.000 Cash 210,000