On October 1, 2021, Pronghorn Corp. issued $864,000,8%, 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. Part 1 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 864,000 Bonds Payable 864,000 Part 2 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.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer Part 3 Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2021. PRONGHORN CORP. Balance Sheet (Partial) $ e Textbook and Media List of Accounts 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.) Account Titles and Explanation Debit Credit Date Oct 1, 2022 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer 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.) Account Titles and Explanation Debit Credit Date Dec. 31, 2022 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit Answer Part 6 Assume that on January 1, 2023, Pronghorn pays the accrued bond interest and calls the bonds. The call price is 104. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Jan. 1, 2023 (To record payment of interest) Jan. 1, 2023 (To record the redemption of the bonds) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 15 used Submit