On January 1, Kingbird Company issued $440,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1. Kingbird's year-end is December 31. (a) 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 1 (b) Date Account Titles and Explanation Debit Prepare the journal entry to record the annual accrual of interest on December 31. (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.) Dec. 31 Credit Debit Credit

On January 1, Kingbird Company issued $440,000,8%,10 year bonds at face value. Interest is payable annually on January 1. Kingbird's year-end is December 31 (a) Prepare the journal entry to record the issuance of the bonds. (Credit occount 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) Prepare the journal entry to record the annual accrual of interest on December 31. (Credit account titles are cutomatically 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.) Prepare the journal entry to record the issuance of the bonds. (Credit occount titles are outomatically indented when amount is entered. Do nat indent manually, if no entry is required, select "No Entry" for the occount tilles and enter O for the amounts.) (b) Prepare the journal entry to record the annual accrual of interest on December 31. (Credit account titles are cutomatically indented when amount is entered. Do not indent manualiy. If no entry is required, select "No Entry' for the account titles and enter Ofor the amounts.) (c) Prepare the journal entry to record the piryment of interest on January 1. (Credit occount 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 Ofor the amounts) Prepare the journal entry to record the paymen pof interest on January 1. (Credit occount tities are outomatically indented when amcunt is entered. Do not indent manually II no entry is repuired, select "No Entry" for the account titles and enter 0 for the amounts.)