-/1 E Question 2 of 6 View Policies Current Attempt in Progress On January 1, 2021. Swifty Corp, issued five-year bonds with a face value of $300,000 and a coupon interest rate of 6%, with interest payable semi-annually. Assume that the company has a December 31 year end and records adjusting entries annually. Click here to view factor tables (a) Record the journal entries relating to the bonds on January 1, July 1, and December 31, assuming that when the bonds were sold, the market interest rate was 5%. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round answers to decimal places, as 5.275.) Account Titles and Explanation Debit Credit Date Jan 1 July Dec 31 eTextbook and Media List of Accounts Sve for Later Last saved 2 minutes ago Saved work will be auto-submitted on the due date Attempts: 0 of 3 used Submit Answer For Atco Finance, record (1) the payment of the $360,000 cash and the receipt of the note receivable on October 1, 2020; (2) the accrual of interest on December 31, 2020; and (3) the collection of the note and interest on July 1, 2021. (Hint: Atco Finance uses a Notes Receivable account to record its loans.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit Notes Receivable 360.000 Cash 360,000 Interest receivable 6300 Interest revenue 6300 Cash Service Revenue To record interest) Cash Notes receivable 360,000 Interest revenue 12600 To record collection of loan) e Textbook and Media List of Accounts