Show Attempt History Current Attempt in Progress On May 1, 2020, Cullumber Corp. issued CHF750,000,5%, 5-year bonds at face value. The bonds were dated May 1, 2020, and pay interest annually on May 1. Financial statements are prepared annually on December 31. (a) Your hinswer is partially 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 Account Titles and Explanation Date Credit 787500 May 1, 2020 Cash 750000 Bonds Payable