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 Jan. 1 cash 375000 Bonds Payable 375000 Prepare the journal entry to record the accrual of interest on December 31. (Credit account tities are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec 31 eTextbook and Media List of Accounts Sarve for Later Attempts: 0 of 3 used Submit Answer On January 1. Cullumber Company issued $375,000,8%. 10-year bonds at face value. Interest is payable annually on January 1. (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 Jan 1 Credit 375000