On May 1, 2022, Carla Vista Corp. issued $630,000, 10%, 5-year bonds at face value. The bonds were dated May 1, 2022, and pay interest annually on May 1. Financial statements are prepared annually on 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.) Date Account Titles and Explanation May 1, 2022 Debit Credit

On May 1, 2022, Carla Vista Corp, issued $630,000,10%,5-year bonds at face value. The bonds were dated May 1, 2022, and pay. interest annually on May 1. Financial staternents are prepared annually on December 31. (a) Prepare the journal entry to record the issuance of the bonds. fCredit account titles are outomatically indented when amount is entered. Do not indent manually. Prepare the adjusting entry to record the accrual of interest on December 31,2022. (Gredit account titles are automatically indented when amount is entered. Do not indent manually.) Show the balance shect presentation on December 31, 2022. ft nter acrount name anily and do not prawide descriptive information.) Prepare the journal entry to record payment of interest on May 1,2023. fCredit account titles are automatically indented when amount is entered. Do not indent monually