Question 11 On January 1, 2016 Focus Corporation issued $500,000, 6%, 5-year bonds at face value. Interest is payable annually on January 1. Prepare journal entries to record the (Credit account titles are automatically indented when the amount is entered. Do not indent a (a) Issuance of the bonds. (b) Accrual of interest on December 31. (c) Payment of interest on January 1, 2017 Account Titles and Explanation Debit Credit