*Exercise 14-3 Presented below are two Independent situations. 1. On January 1, 2017, Larksaur Company issuad $408,000 ar 9%, 10-year bonds at par, Interest is payable quarterly on Aaril 1, July 1, Octaber 1, and January 1. 2. On June 1, 2017, Cullumber Company issued $360,000 of 11%, 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 o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The issuance or the bonds. (b) The payment of interest on July 1. (C) The accrual of interest on December 31. Debit Credit Date 1. Account Titles and Explanation Larkspur Company 2. Cullumber Company