On January 1, Carla Vista Co. issued $327,000, 7%, 10-year bonds at face value. Interest is payable annually on January 1.

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
Jan. 1	enter an account title to record the issuance of the bonds on January 1enter an account title to record the issuance of the bonds on January 1	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount
	enter an account title to record the issuance of the bonds on January 1enter an account title to record the issuance of the bonds on January 1	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount

List of Accounts

Prepare the journal entry to record the accrual of interest on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	enter an account title to record the accrual of interest on December 31enter an account title to record the accrual of interest on December 31	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount
	enter an account title to record the accrual of interest on December 31enter an account title to record the accrual of interest on December 31	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount

List of Accounts

Prepare the journal entry to record the payment of interest on January 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1	enter an account title to record the payment of interest on January 1enter an account title to record the payment of interest on January 1	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount
	enter an account title to record the payment of interest on January 1enter an account title to record the payment of interest on January 1	enter a debit amountenter a debit amount	enter a credit amountenter a credit amount