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Wildhorse Corporation issued 3,000, 9%, 5-year $1.000 bonds dated January 1, 2020, at 100. Interest is paid each January 1. Part 1 Prepare the journal

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Wildhorse Corporation issued 3,000, 9%, 5-year $1.000 bonds dated January 1, 2020, at 100. Interest is paid each January 1. Part 1 Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation Credit Debit Date Janaury 1.2020 Part 2 Prepare the adjusting journal entry on December 31, 2020, to record interest expense. (Credit account titles are automatically Indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit Date December 31, 2020 1 Prepore the journal entry on January 1, 2021, to record interest paid. (Credit account titles are automatically inserted when amount is entered. Do not indent manually) Date Account Titles and Explanation Credit January 1.2021 Debit

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