JOURNAL ACCOUNTING EQUATION Rd 1. 2 T DATE Jun. 30 Interest Expense DESCRIPTION Premium on Bonds Payable Cash 30 Interest Expense Discount on Bonds Payable Cash 30 Bonds Payable POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 19.397.00 I 5.103.00 22,500.00 41,560.00 I 656000 35,000.00 2,000,000.00 Gain on Redemption of Bonds 41,000.00 T Discount on Bonds Payable 65,600.00 16 Cash 1,393,400.00 11 Sep 30 Interest Expense 49,500.00 4 Interest Payable 16,500.00 4 Notes Payable 25145100 1 Cash 317451.00 1 15 Dec. 31 Interest Expense 12,728.00