On May 1, 2024, Pharoah Corp. issued $648,000 of 9%,5-year unsecured bonds at face value. The bonds were dated May 1,2024 , and pay interest annually on May 1. Financial statements are prepared annually on December 31. (a) Your answer is correct. Are these debenture bonds? eTextbook and Media List of Accounts Attempts: 1 of 2 used (b) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (List debit entry before credit entry. Credit account titles are automatically indented when the 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 payment of interest on May 1, 2025, assuming Pharoah does not use reversing entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is reauired. select "No Entrv" for the account titles and enter O for the amounts.)