Sheffield Cleaners issued $1,000,000$ of $9\%,20-$year bonds on January $1,2022$ at $91\mathrm{.}42$ to yield $10\%$ Interest is payable semiannually on July $1$ and January $1.$ amountsi$)$

$($a$)$ The issuance of the bonds.

$($b$)$ The payment of interest and the related amortization on July $1,2022.$

$($c$)$ The acerual of interest and the related amortisation on December $31,2022.$

No$.$ Date

$($a$)$

$($b$)$

$($c$)$

$\frac{12}{31}\frac{?}{22v}$

Account Titles and Explanation

Cash

Bonds Payable

Interest Expenes

Borids Payable

Cash

Interest Expense

Bonds Pay

incerest Payable

Debit

credil $x$