Question 7 On May 1, 2017, Riverbed Industries AG issued CHF147,300,9%, 5-year bonds at face value. The bonds were dated May 1, 2017, and pay interest annually on May 1. Financial statements are prepared annually on December 31. 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 May 1, 2017 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. Round answers to o decimal places, Date Account Titles and Explanation Debit Credit Dec. 31, 2017 ent CALCULA Show the statement of financial position presentation on December 31, 2017. (Round answers to o decimal places, e.g. 125.) RIVERBED INDUSTRIES AG Statement of Financial Position CHF CHF Prepare the journal entry to record payment of interest on May 1, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 125.) Debit Credit Date Account Titles and Explanation May 1, 2018 Prepare the adjusting entry to record the accrual of interest on December 31, 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to o decimal places, e.g. 125.) Date Account Titles and Explanation Debit Credit Dec. 31, 2018 Assume that on January 1, 2019, Riverbed pays the accrued bond interest and calls the bonds at 104. Record the payment of interest and redemption of the bonds. (Credit account titles are automatically indented when amount is entered Round answers to o decimal places, e.g. 125.) Date Account Titles and Explanation Debit Credit Jan. 1, 2019 Jan. 1, 2019