Brief Exercise 15-03 a-c (Part Level Submission) Carla Vista Corporation issued 3,900, 6%, 5-year, $1,000 bonds dated January 1, 2020, at 100. Interest is paid each January 1.

(a)

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Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Janaury 1, 2020

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(b)

Prepare the adjusting journal entry on December 31, 2020, to record interest expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
December 31, 2020