Question 7 of 10 < > -/1 The City of Sweet Acacia issued 500 bonds at their face value of $9,000 each plus accrued interest on June 1, 2020. The term of the bonds was January 1, 2020, to January 1, 2026, with interest payable semi-annually each January 1 and July 1 at 8%. Sweet Acacia uses the effective interest method. Prepare the company's journal entry for the date of issuance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date June 1, 2020 Account Titles and Explanation eTextbook and Media List of Accounts Debit Credit Prepare the company's journal entry for the July 1 interest payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation July 1, 2020 eTextbook and Media List of Accounts Debit Credit Prepare the company's December 31 adjusting entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Dec. 31, Account Titles and Explanation 2020 Debit Credit