Marigold Cleaners issued of year bonds on January at to yield Interest is payable
semiannually on July and January
Prepare the journal entries to record the following. Credit account titles are outomatically indented when the amount is entered. Do not
indent manually. Round answers to decimal places, es If no entry is required, select No Entry" for the account titles and enter O for the
amounts
a The issuance of the bonds.
b The payment of interest and the related amortization on July
c The accrual of interest and the related amortization on December
Date
Account Titles and Explanation
Cash
Debit
interest expense
bonds pauable
cash
Account Tities and Explanation
Bonds paryabie
Bonds payable
Interest payable
Credit
