Two independent situations follow: 1. On January 1, 2023 , Indigo Limited issued $260,000 of 10 -year, 8% bonds at par. Interest is payable quarterly on April 1, July 1. October 1, and January 1. 2. On June 1, 2023, Cullumber Inc. issued at par, plus accrued interest, $249,000 of 10 -year, 10% bonds dated January 1 . Interest is payable semi-annually on July 1 and January 1. (a) Your answer is correct. Prepare journal entries to record the issuance of the bonds. (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 account titles and enter 0 for the amounts. List all debit entries before credit entries.) eTextbook and Media List of Accounts Attempts: 2 of 2 used Using multiple attempts has impacted your score. Prepare journal entries to record the payment of interest on July 1. (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 account titles and enter 0 for the amounts. List all debit entrries before credit entries.) 
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