Question: Please answer i need help with the general journal For each of the four independent situations below, prepare a single journal entry that summarizes the

Please answer

i need help with the general journal 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 paid 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. (Enter your answers in millions rounded to 1 decimal place 5,500,000 should be entered as 5.5).) Situation Interest Interest Payable Increase Unamortized Discount Cash Paid for Expense Decrease) Increase (Decrease) Interest 1 25 0 25.0 2 25 5.0 0 20.0 3 25 0 (7.5) 17.5 25 (5.0) (7.5) 22.5 Cash Paid for Interest General Journal >

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