Exercise $21-8($Algo$)$ Determine cash paid for bond interest $[$LO$21-3]$

For each of the four Independent situations below, prepare a single Journal entry that summarizes the recording and payment of interest and determine the amount of cash pald for bond interest. All dollars are in millions.

Complete this question by entering your answers in the tabs below.

Cash Paid for

General

Interest

Journal

Calculate the amount of cash paid for bond interest.

Note: Enter your answers in millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$

Exercise $21-8($Algo$)$ Determine cash paid for bond interest $[$LO$21-3]$

For each of the four Independent situations below, prepare a single journal entry that summarizes the recording and payment of interest and determine the amount of cash pald for bond interest. All dollars are in millions.

Complete this question by entering your answers in the tabs below.

Cash Paid for

General

Interest

Journal

Prepare a single journal entries that summarizes the recording and payment of interest.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter youl millions rounded to $1$ decimal place $($i$.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$

Journal entry worksheet

Record the summary entry for transaction $1.$

Note: Enter debits before credits.