Exercise 10-13 (Part Level Submission) Carla Vista Co. issued $480,000 of 9%, 15-year bonds on January 1, 2017, at face value. Interest is payable annually on January 1. Your answer is correct. 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.) Date Account Titles and Explanation Debit Credit Jan. 1, 2017 Cash 480,000 Bonds Payable 480,000