Exercise 10-13 (Part Level Submission) On January 1, Cullumber Company issued $375,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when Date Account Titles and Explanation Debit Credit tered. Do not indent manually) Jan. 1 Cash 3750001 Bonds Payable U 1375000 Click If you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used v (b) y Policy R.2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. w ebok ORION Downloadable eTextbook gnment CALCULATOR PRINTER VERSION AC Attempts: 1 of 3 used Your answer is correct. Prepare the journal entry to record the accrual of interest on December 31. (Cred account s are automatically indented when amount is entered Dometindent many Date Account Titles and Explanation Dec. 31 Interest Expense Interest Payable Click if you would like to show Work for this question Open Show Work SHOW LIST OF ACCOUNTS HOW SOLUTION SHOW ANSWER LINK TO TEXT Attempt of und o n e (0) Prepare the journal entry to record the payment of interest on January 1. (Credit account tres are automatically indented when amount is t h e Sons, Inc. A Division of John Wiley SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO VIDEO Attempts: 1 of 3 used - (c) Prepare the journal entry to record the payment of interest on January 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Jan. 1 Debit Credit Click if you would like Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO VIDEO Attempts of 3 used