Exercise 15-3 On January 1, 2017, Forrester Company issued $397,000, S%, 5-year bonds at face value. Interest is payable annually on January 1. 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 Jan. 1, 2017 Prepare the journal entry to record the accrual of interest on December 31, 2017.(Credit account tities are automatically indented when amount is entered. Do not indent manually.) DateAccount Titles and Explanation Debit Credit Dec. 31, 2017 Prepare the journal entry to record the payment of interest on January 1,2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Date Debit Credit Jan. 1, 2018