Brief Exercise 10-10 Flounder Corp. issued 1,500 9%, 9-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 enter an account title for the journal entry on January 1,2017   enter a debit amount   enter a credit amount     enter an account title for the journal entry on January 1,2017   enter a debit amount   enter a credit amount   (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 enter an account title for the journal entry on December 31,2017   enter a debit amount   enter a credit amount     enter an account title for the journal entry on December 31,2017   enter a debit amount   enter a credit amount   (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 enter an account title for the journal entry on January 1,2018   enter a debit amount   enter a credit amount     enter an account title for the journal entry on January 1,2018   enter a debit amount   enter a credit amount

Question

Brief Exercise 10-10

Flounder Corp. issued 1,500 9%, 9-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
enter an account title for the journal entry on January 1,2017
 
enter a debit amount
 
enter a credit amount
 
 
enter an account title for the journal entry on January 1,2017
 
enter a debit amount
 
enter a credit amount
 

(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
enter an account title for the journal entry on December 31,2017
 
enter a debit amount
 
enter a credit amount
 
 
enter an account title for the journal entry on December 31,2017
 
enter a debit amount
 
enter a credit amount
 

(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
enter an account title for the journal entry on January 1,2018
 
enter a debit amount
 
enter a credit amount
 
 
enter an account title for the journal entry on January 1,2018
 
enter a debit amount
 
enter a credit amount
 

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