Ch$13$ Homework

Question $18$ of $26$

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Carla Corporation issued $$396,000$ of $7\%$ bonds on May $1,2025.$ The bonds were dated January $1,2025,$ and mature January $1,2028,$ with interest payable July $1$ and January $1.$ The bonds were issued at face value plus accrued interest.

Prepare Carla's journal entries for $($a$)$ the May $1$ issuance, $($b$)$ the July $1$ interest payment, and $($c$)$ the December $31$ adjusting entry. W$$ no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

No$.$

$($a$)$

May $1,2025$

$($b$)$ Dec. $31,2025$

$($c$)$ Iulv $1\mathrm{.}2025$

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Account Titles and Explanation

Debit

Credit