part b) prepare adjusting entry to record accural interest on December 32, 2021

Problem 10-04A (Part Level Submission) On October 1, 2021, Founder Corp. issued $700,000,9, 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. -02 5 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.) Account Titles and Explanation Debit Credit Oct. 1, 2021 Cash 780,000 Date Bonds Payable 780,000 Click if you would like to show Work for this question Open Show Work SHOW LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT Attempts: 1 of 2 used 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 Click if you would like to show Work for this questions on Show Work SHOW LEST OF ACCOUNTS