For each of these two independent situations, prepare journal entries to record the following Of no entry is required, select "No Entry" for the account tities and enter 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 Date Debit Credit Account Titles and Explanation Metlock Company 1. 2 Bonita Company 2. Bonita Company: e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Presented below are two independent situations, 1 On January 1, 2020, Metlock Company issued $216,000 of 8%. 10-year bonds at par interest is payable quarterly on April 1, July 1 October 1, and January 1 On June 1, 2020, Bonita Company issued $168.000 of 12%, 10-year bonds dated January 1st par plus accrued intere. Interest is payable semiannually on July 1 and January 1. 2. For each of these two independent situations, prepare journal entries to record the following. Of no entry is required, select "No Entry" for the account titles and enter 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