On August 1, 2022, Ayayai Corp. issued $506,400, 7%, 10-year bonds at face value. Interest is payable annually on August 1. Ayayai's year-end is December 31. Your answer is correct. 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.) Date Account Titles and Explanation Debit Credit Aug. 1 Cash 506400 Bonds Payable 506400 Your answer is partially correct. Prepare the journal entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Interest Expense 12600 Interest Payable 12600 e Textbook and Media List of Accounts - Your answer is partially correct. 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.) Date Account Titles and Explanation Debit Credit Aug. 1 Interest Expense 20678 Interest Payable 12600 Cash 33338 Michael Noll's gross earnings for the week were $1,300, his federal income tax withholding was $234, and his FICA total was There were no state income taxes. Your answer is correct. What was Noll's net pay for the week? Net pay $ 967 e Textbook and Media List of Accounts Your answer is partially correct. Journalize the entry for the recording of his pay in the general journal. (Note: Use Salaries and Wages Payable, not Cash.) (C account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Salaries and Wages Expense 1300 Federal Income Taxes Payable 234 Federal Income Taxes Payable 99 Salaries and Wages Payable 967