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. 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 May 1, 2017 Cash 147300 Bonds Payable 147300 SHOW LIST OF ACCOUNTS Your answer is correct. 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 pla Date Account Titles and Explanation Debit Credit Dec. 31, 2017 Interest Expense 8838 Interest Payable 8838 Your answer is partially correct. Try again. 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 December 31, 2017 Current Liabilities X X Interest Payable 8838 CHFU X Non-current Liabilities X Bonds Payable 147300 CHF SHOW LIST OF ACCOUNTS