# 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

1 Rating