Problem 10-4A (Part Level Submission) on October 1, 2016, Swifty Corp. issued $720,000, 6%, 10 year bonds at face value.

Problem 10-4A (Part Level Submission) On October 1, 2016, Swifty Corp. issued $720,000, 6%, 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 indem manually.) Date Account Titles and Explanation Credit Oct 1, 2016 Cash Bonds Payable 220000 Click you would like to show Work for this question: Open how we 4 - 2003 be LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 1 of 3 used (e) Prepare the adjusting entry to record the accrual of interest on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31, 2017 Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS Attempts: 0 of 3 used SURET ANSWER Deto