Record the issue of the bonds on July 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar, e.g. 5,275.) Debit Credit Date Account Titles and Explanation 2017 July 1 Cash Bonds Payable Prepare the adjusting entry on December 31, 2018, to accrue the interest on the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar, e.g. 5,272.) Debit Credit Date Account Titles and Explanation 2018 Dec. 31 Show the statement of financial position presentation of the liabilities at December 31, 2018. (Round all amounts to the nearest dollar, e.g. 5,275.) GLOBAL SATELLITES CORPORATION Statement of Financial Position (Partial) December 31, 2018 Current liabilities Non-current liabilities Record the issue of the bonds on July 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar, e.g. 5,275.) Debit Credit Date Account Titles and Explanation 2017 July 1 Cash Bonds Payable Prepare the adjusting entry on December 31, 2018, to accrue the interest on the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar, e.g. 5,272.) Debit Credit Date Account Titles and Explanation 2018 Dec. 31 Show the statement of financial position presentation of the liabilities at December 31, 2018. (Round all amounts to the nearest dollar, e.g. 5,275.) GLOBAL SATELLITES CORPORATION Statement of Financial Position (Partial) December 31, 2018 Current liabilities Non-current liabilities