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on 2 of 3 ew Policies rrent Attempt in Progress On August 1, 2022, Whispering Winds Corp. issued $525,000, 8%, 10-year bonds at face
on 2 of 3 ew Policies rrent Attempt in Progress On August 1, 2022, Whispering Winds Corp. issued $525,000, 8%, 10-year bonds at face value. Interest is payable annually on August 1. Whispering Winds's year-end is December 31. (a) 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Aug. 1 Debit Credit (b) Prepare the journal entry to record the annual accrual of interest on December 31, 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 O for the amounts.) Date Account Titles and Explanation Dec. 31 Debit Credit (c) Prepare the journal entry to record the payment of interest on August 1, 2023. (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 O for the amounts.) Date Account Titles and Explanation Aug. 1 Debit Credit
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