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Vaughn Cleaners bied 900,000 of 8%. 20-year bonds on January 1, 2022, at 110.677 to yield 7%. Interest is payable semiannually on July 1 and

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Vaughn Cleaners bied 900,000 of 8%. 20-year bonds on January 1, 2022, at 110.677 to yield 7%. Interest is payable semiannually on July 1 and January 1. Prepare the journal entries to record the following. (Credit account titles are automatically indented when the amount is entered. Do not indent manually Round answers to 0 decimal places, eg 5,275. If no entry is required, select "No Entry for the account titles and enter for the tal The issuance of the bonds. (b) The payment of interest and the related amortization on July 1, 2022. (a The accrual of interest and the related amortization on December 31, 2022 No. Date Account Titles and Explanation Debit Credit WA 95.000 No. (a) to search Date X Account Titles and Explanation Bond Payab Bunds Paval Debit 958,000 38.333 1667 38267 1731 37C Surry Credit 200 DE ING 333 PM m (a) (b) 115 1/1/22 32/31/22 cash Bonds Payable Interest Expense Bonds Payable Cash interest Expense Bonds Payable interest Payable 958,000 38,333 1,667 38.267 1733

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