e Textbook and Media List of Accounts Prepare the journal entry to record payment of interest on May 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manual Date Account Titles and Explanation Debit Credit May 1, 2021 Interest Payable % g. We Assignment sent to Gradebook. Your grade is being recorded. Sat, May 2, 2020, 6:10:32 AM (America/Los Angeles -07:00) Question 8 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Blue Spruce Corp. has issued three different bonds during 2020. Interest is payable annually on each of these bonds. 1. On January 1, 2020, 1.200,9%, 5-year, $1,200 bonds dated January 1, 2020, were issued at face value. 2. On July 1, $716,000, 10%, 5-year bonds dated July 1, 2020, were issued at 103. 3. On September 1. $325,000,8%, 5-year bonds dated September 1, 2020, were issued at 97. Prepare the journal entries to record each bond transaction at the date of issuance. (Credit account titles are automatically indented wil No. Date Account Titles and Explanation Debit Credit Jan. 1 Cash Bonds Payable 1.200