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20 Cullumber Corporation issued $342,000 of 6%, 10-year bonds on January 1, 2024, at face value. Interest is payable annually on January 1, 2025. (a)

20 Cullumber Corporation issued $342,000 of 6%, 10-year bonds on January 1, 2024, at face value. Interest is payable annually on January 1, 2025. (a) Prepare the journal entry to record the issuance of the bonds. (List debit entry before credit entry Credit account titles are automatically indented when the amount is entered Conot indent manuale If no entry is required, select "No Entry for the account titles and enter 0 for the amounts.) Date Jan. 1, 2024 Account Titles Debit Credit
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