Question: Cornerstone Exercise 9-26 (Algorithmic) Debt Issued at Par On January 1, 2019, Drew Company issued $249,000 of bonds payable at par. The bonds have a

Cornerstone Exercise 9-26 (Algorithmic) Debt Issued at Par On January 1, 2019, Drew Company issued $249,000 of bonds payable at par. The bonds have a 7% stated rate, pay interest on June 30 and December 31, and mature on December 31, 2019. Prepare the journal entry to record the interest payment on June 30, 2019. Round your answers to the nearest dollar 2019 June 30 Record interest expense

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