Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit occount titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1,2042 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit Answer Cullumber Company issued $240,000 of 4%, 20-year bonds on January 1, 2022, at face value. Interest is payable annually on January 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 / / Jan. 1, 2022 Cash 240000 / / / / Bonds Payable onds Payable 240000 e Textbook and Media List of Accounts Attempts: 1 of 10 used Your answer is correct. Prepare the journal 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.) Date Account Titles and Explanation Debit Credit Dec. 31, 2022 Interest Expense 9600 Interest Payable 9600 eTextbook and Media List of Accounts Attempts: 1 of 10 used Your answer is correct. Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2023 Interest Payable 9600 Cash 9600 e Textbook and Media Assistance Used e Textbook List of Accounts Attempts: 7 of 10 used