On January 1, 2013, Epstein Co. issued $100,000 of bonds payable at the face value. When the bonds matured on December 31, 2018, Epstein used cash to repay the bond principal and the interest for one year, which had not been previously accrued. Indicate the effects of the 12/31/18 payment.

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The Answer of On January 1, 2013, Epstein Co. issued $100,000 of bonds payable at the face value. When the bonds matured on December 31, 2018, Epstein used cash to repay the bond principal and the interest for one year, which had not been previously accrued. Indicate the effects of the 12/31/18 payment.