Current Attempt in Progress

On May $1,2022,$ Pharoah Corp. issued $$650,000,6\%,5-$year bonds at face value. The bonds were dated May $1,2022,$ and pay interest annually on May $1.$ Financial statements are prepared annually on December $31.$

A$.$

Prepare the journal entry to record the issuance of the bonds. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$ B$.$ prepare the adjusting entry to record the accrual of interest on December $312022$

C$.$ show the e ce lance