Exercise 10-12 (Part Level Submission) On August 1, 2022, Ayayai Corp. issued $480,000, 6%, 10-year bonds at face value. Interest is payable annually on August 1. Ayayai's year and is December 31 (a) (c) Prepare the journal entry to record the payment of interest on August 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Aug. 1 Interest Expense Interest Payable Discount on Bonds Payable Click if you would like to Show Work for this question: Open Show Work