On January 1, Kirkland Company issued $300,000,8%, 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 e Textbook and Media List of Accounts Prepare the Journal entry to record the accrual of interest on December 31. (Credit occount titles are automatically Indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Debit Credit Dec 31 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 e Textbook and Media List of Accounts