On August 1, 2017, Culver Corporation issued $501,600, 9%, 10-year bonds at face value. Interest is payable annually on August 1. Culver's year-end is December 31. Prepare journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Date Account Titles and Explanation Credit Aug. 1 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Prepare journal entry to record the accrual of interest on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent Debit Date Account Titles and Explanation Credit Dec. 31