Exercise 14-3 Presented below are two independent situations. 1. On January 1, 2017, Bramble Company issued $180,000 of 7%, 10-year bonds at par. Interest is payable quarterly on April 1, July 1, October 1, and January 1 2. On June 1, 2017, Sunland Company issued $132,000 of 1296, 10-year bonds dated January 1 at par plus accrued interest. Interest is payable semiannually on July 1 and January 1 For each of these two independent situations, prepare journal entries to record the following. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The issuance of the bonds (b) The payment of interest on July 1 (c) The accrual of interest on December 31