Your answer is partially correct The following information is taken from Concord Corp.'s balance sheet at December 31, 2016. $94.500 Current liabilities Interest payable Long-term liabilities Bonds payable (4%, due January 1, 2027) Less: Discount on bonds payable $4.680.000 46.800 4,633,200 Date Account Titles and Explanation Debit Credit Jan. 1 2017 Interest Payable 94500 Cash 94500 Dec 31 2017 Interest Expense 191880 Discount on Bonds Payable 4680 Interest Payable 187200 Jan. 1 2018 Bonds Payable 780000 Loss on Bond Redemption 15600 Discount on Bonds Payable 7020 Cash 795600 Interest Expense Discount on Bonds Payable 3900 Interest Payable 10920 and Media unts Last saved 42 minutes ago. Attempts: 1 of 3 used Submit Answer Your answer is partially correct The following information is taken from Concord Corp.'s balance sheet at December 31, 2016. $94.500 Current liabilities Interest payable Long-term liabilities Bonds payable (4%, due January 1, 2027) Less: Discount on bonds payable $4.680.000 46.800 4,633,200 Date Account Titles and Explanation Debit Credit Jan. 1 2017 Interest Payable 94500 Cash 94500 Dec 31 2017 Interest Expense 191880 Discount on Bonds Payable 4680 Interest Payable 187200 Jan. 1 2018 Bonds Payable 780000 Loss on Bond Redemption 15600 Discount on Bonds Payable 7020 Cash 795600 Interest Expense Discount on Bonds Payable 3900 Interest Payable 10920 and Media unts Last saved 42 minutes ago. Attempts: 1 of 3 used Submit