On January 1, Carla Vista Co. issued $327.000,8%, 10-year bonds at face value. Interest is payable annually on January 1. (a) X Your answer is incorrect Prepare the journal entry to record the issuance of the bonds. (List all debit entries before credit entries. 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 Y Interest Expense Interest Payable Debit Credit 26160 261