2/8 On October 1, 2021, Concord Corporation issued $520,000 of 10-year, 4% bonds at 100. Interest is payable semi-annually on October 1 and April 1. Concord's year end is December 31 and the company records adjusting entries annually. (a) Your answer is partially correct. Prepare journal entries to record the following: (Round answers to the nearest whole dollar, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. The issue of the bonds on October 1, 2021. 2. The accrual of interest on December 31, 2021. 3. The payment of interest on April 1, 2022. Date Oct. 1, 2021 Account Titles and Explanation Cash Bonds Payable Dec. 31, 2021 Interest Expense Interest Payable Debit 520000 11250 Apr. 1, Interest Payable 11250 2022 Interest Expense 11250 Cash Credit 520000 11250 22500