On January 1, Cullumber Company issued $342,000, 10%, 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.) (b) Date Account Titles and Explanation Jan. 1 Cash Bonds Payable eTextbook and Media List of Accounts Debit 342000 Credit 34200 Attempts: 1 of 3 used Prepare the journal entry to record the accrual of interest on December 31. (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 eTextbook and Media List of Accounts Debit Credit