green boxes are correct except for red boxes.

ps..answer isn't 16,000

thank you

Exercise 15-3 On January 1, 2017, Forrester Company issued $400,000, 8%, 5-year bonds at face value. Interest is payable annually on January 1. Your answer is correct. 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.) Date Account Titles and Explanation Debit Jan. 1, 2017 TCas Credit 7400000 onds Payabl 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, 201,Interest Expens 400000 nterest Payable 400000 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.) Date Account Titles and ExplanationDebit Credit tle Jan. 1, 201 interest Payable 400000 Cash 400000