On October 1, 2021, Kristal Corp. issued $700,000,5%,10-year bonds at face vilue. The bonds were dated October 1,2021 , and pay interest annually on October 1. Financial statements are prepared annually on December 31. (a) Prepare the journal entry ta record the bsuance of the bonds. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, seleet "No Entry" for the account titles and enter o for the amounts.) Prepare the adjusting entry to record the accrual of interest on December 31. 2021. (Credit account titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the decount titles and enter 0 for the amounts.)