Kingbird, Inc. issued 3,300 7%, 5-year, $1.000 bonds dated January 1, 2022, at face value. Interest is paid each January 1. (a) Your answer is correct . Prepare the journal entry to record the sale of these bonds on January 1, 2022 (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 3.300.000 Bonds Payable 3,300,000 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) b Your answer is correct. Prepare the adjusting journal entry on December 31, 2022, to record interest expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 Interest Expense 231000 Interest Payable 231000 eTextbook and Media List of Accounts Attempts: 2 of 3 used (0) Prepare the journal entry on January 1, 2023, tu record interest paid. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 e Textbook and Media List of Accounts Save for Later Attempts:0 of 3 used Submit Answer Show Attempt History Current Attempt in Progress Skysong, Inc. issues $1.50 million, 10-year, 8% bonds at 97, with interest payable each January 1. (a) Your Answer Correct Answer Your answer is correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 1455000 Discount on Bonds Payable 45.000 Bonds Payable 1500000 e Textbook and Media Solution List of Accounts Attempts: 3 of 3 used (b) Assuming instead that the above bonds sold for 105, prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit