Problem 10-03A a-f (Part Level Submission)

On May 1, 2020, Pina Colada Corp. issued $570,000, 10%, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31.

(f) Prepare the journal entry to record payment of interest on May 1, 2021.

(d) Prepare the journal entry to record payment of interest on May 1, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date May 1, 2021 Click if you would like to show Work for this question: Open Show Work Attempts: 0 of 3 used