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Kingbird Inc. issues $261.000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1. 2022. (Credit

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Kingbird Inc. issues $261.000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1. 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Attempts:0 of 3 used to twer MacBook Air 5 NE 2 7 8 E P R T Y 0 s D F G H K Culver Corporation issued 2,800 9%, 7-year $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1 a) 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.) Account Titles and Explanation Debit Credit Jan 1, 2022 Date 1 (b) 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. Account Titles and Explanation Debit Credit Date Dec 31 2022 (c) Prepare the journal entry on January 1, 2023, to record interest paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1.2023

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