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Question 4 of 6 -/1 On August 1, 2022, Swifty Corporation issued $505,200,8%, 10-year bonds at face value. Interest is payable annually on August 1.

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Question 4 of 6 -/1 On August 1, 2022, Swifty Corporation issued $505,200,8%, 10-year bonds at face value. Interest is payable annually on August 1. Swifty's year-end is December 31 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.) Date Account Titles and Explanation Debit Credit Aug. 1 Cash Bonds Payable eTextbook and Media List of Accounts Prepare the journal entry to record the accrual of interest on December 31, 2022. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 Question 4 of 6 - /1 E Date Account Tities and Explanation Debit Credit Dec. 31 Interest Expense Interest Payable e Textbook and Media List of Accounts Prepare the journal entry to record the payment of interest on August 1, 2023. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Aug 1 Interest Expense Debit Credit Interest Payable e Textbook and Media List of Accounts MacBook Air

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