Swifty Corporation issued $3,1005\%,5-$year, $$1,000$ bonds dated January $1,2022,$ at face value. Interest is paid each January $1.$

$($a$)$ Prepare the journal entry to record the sale of these bonds on January $1,2022.($Credit account titles are automatically indented when

amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $1,2022$

$($b$)$ Prepare the adjusting journal entry on December $31,2022,$ to record interest expense. $($Credit account titles are automatically

indented when amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31,2022$

$($c$)$ Prepare the journal entry on January $1,2023,$ to record interest paid. $($Credit account titles are automatically indented when amount is

entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $1,2023$