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Simon Corporation issued 9 percent, 20-year bands payable with a malurity value of $850,000 on January 31. The bands were issued at par and pay

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Simon Corporation issued 9 percent, 20-year bands payable with a malurity value of $850,000 on January 31. The bands were issued at par and pay interest on January 31 and July 31. Record(a) issuance of the bonds on January 31, (b) payment of interest on July 31, and (c) acerual of interest on December 31. (Record debils first, then credils. Exclude explanations from any journal entries.) a. Record the issuance of the bonds on January 31. Journal Entry Accounts Date Dabit Credit Jan 31 b. Record the payment of interest on July 31. Journal Entry Accounts Dabit Credit Date 31 c. Record the accrual of interest on December 31 Journal Entry Date Account Debit Credit Ded 31

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