On August 1, 2022, Bramble Corp. issued $482,400, 8%, 10-year bonds at face value. Interest is payable annually on August 1. Bramble’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 enter an account title to record the issuance of the bonds on August 1 enter a debit amount enter a credit amount enter an account title to record the issuance of the bonds on August 1 enter a debit amount enter a credit amount 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 enter an account title to record the accrual of interest on December 31, 2017 enter a debit amount enter a credit amount enter an account title to record the accrual of interest on December 31, 2017 enter a debit amount enter a credit amount eTextbook 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 Debit Credit Aug. 1 enter an account title to record the payment of interest on August 1, 2018 enter a debit amount enter a credit amount enter an account title to record the payment of interest on August 1, 2018 enter a debit amount enter a credit amount enter an account title to record the payment of interest on August 1, 2018

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 5PB: Dixon Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July 1,...

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Date	Account Titles and Explanation	Debit	Credit
Aug. 1	enter an account title to record the issuance of the bonds on August 1	enter a debit amount	enter a credit amount
	enter an account title to record the issuance of the bonds on August 1	enter a debit amount	enter a credit amount

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	enter an account title to record the accrual of interest on December 31, 2017	enter a debit amount	enter a credit amount
	enter an account title to record the accrual of interest on December 31, 2017	enter a debit amount	enter a credit amount

eTextbook 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	Debit	Credit
Aug. 1	enter an account title to record the payment of interest on August 1, 2018	enter a debit amount	enter a credit amount
	enter an account title to record the payment of interest on August 1, 2018	enter a debit amount	enter a credit amount
	enter an account title to record the payment of interest on August 1, 2018

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