On October 1, 2021, Blue Corp. issued $744,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2021, and pay interest annually on October 1. Financial statements are prepared annually on December 31.

Part 4

Prepare the journal entry to record the payment of interest on October 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Oct. 1, 2022	enter an account title for the journal entry on October 1, 2022	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on October 1, 2022	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on October 1, 2022	enter a debit amount	enter a credit amount

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Part 5

Prepare the adjusting entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31, 2022	enter an account title for the adjusting entry on December 31, 2022	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on December 31, 2022	enter a debit amount	enter a credit amount

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