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On October 1, 2021. Bramble Corp. issued $744,000,8%, 10-year bonds at face value. The bonds were dated October 1, 2021. and pay interest annually on

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On October 1, 2021. Bramble Corp. issued $744,000,8%, 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. (a) Your answer is correct. 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 Oct. 1, 2021 Cash 744000 Bonds Payable 744000 Attempts: 1 of 3 used (d) Your answer is partially correct. 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 Interest Expense 24800 Interest Payable 14880 Cash 39680 Save for Later Attempts: 2 of 3 used Submit

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