Pharosh Company issued $$450,000,6\%,20-$year bonds on January $1,2027,$ at $101.$ Interest is payable annually on January $1.$ Pharoah uses straight$-$line smortization for bond premium or discount.

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Prepare the journal entry to record the psyment of interest on January $1,2028.($Credit occount tities are outomatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[$Jan $1.2028,,,$