Problem 10-4A (Part Level Submission) On October 1, 2016, Bridgeport Corp. issued $756,000, 5%, 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. (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.) Debit Credit Date Account Titles and Explanation Oct. 1, 2016 Cash 756,000 1 Bonds Payable 756,000 Click if you would like to Show Work for this question: Open Show Work (d) Your answer is partially correct. Try again. Prepare the journal entry to record the payment of interest on October 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Oct. 1, 2017 Interest Payable 9,450) Interest Expense 28,350 Cash 37,800