Bramble Corp. issued $2,7009\%,5-$year, $$1,000$ bonds dated January $1,2022,$ at face value. Interest is paid each January $1.$

$($a$)$

Your answer is correct.

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. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $1$

Bonds Payable

eTextbook and Media

List of Accounts

Attempts: $1$ of $3$ used

$($b$)$

Your answer is partially correct.

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. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31$

Interest Expense

Interest Payable