Problem 10-4A On October 1, 2016, Cheyenne Corp. issued $768,000, 596, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1, Financial statements are prepared annually on December 31 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, 2016 TCash 68000 Bands Payable 68000 LIST OF ACCOUNTS SHOW ANSWER LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Your answer is partially correct. Try again. Prepare the adjusting entry to record the accrual of interest on December 31, 2016. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2016 Tinterest Expense Interest Payable