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Marsh Corporation issued 1,4003%,5 year, $1,000 bonds dated January 1, 2025, at face value. Interest...

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Accounting

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Marsh Corporation issued 1,4003%,5 year, $1,000 bonds dated January 1, 2025, at face value. Interest is paid each January 1 . Prepare the journal entries to record the issuance of the bonds, the accrual of interest on December 31,2025, and the payment of interest on January 1, 2026. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the occount titles and enter 0 for the amounts.) (To accrue bond interest) (To record payment of bond interest)

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