On January 1, Carla Vista Co. issued $360,000, 7%, 10-year bonds at face value. Interest is payable annually on January 1. (a) Your answer is correct. 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 Jan. 1 Account Titles and Explanation Cash Bonds Payable Debit 360000 Credit 360000

On January 1 , Carla Vista Co. issued $360,000,7%,10-year bonds at face value. Interest is payable annually on January 1. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (List all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) Prepare the journal entry to record the accrual of interest on December 31. (List oll 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 ofor the amounts)