(d) Your answer is partially correct. Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, Bonds Payable 2032 CashSheridan Company issued $311,500 of 716, 10-year bonds on January 1, 2022, at face value. Interest is payable annually on January 1, 2023. (al Your Answer Correct Answer (Used) Prepare the journal entry to record the issuance of the bands. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1, Cash 311 500 2022 Bonds Payable 311,500 (b) Your answer is correct. Prepare the journal entry to record theaccrual of interest on December 21, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31, Interest Expense 21,805 2022 Interest Pryable 21 805 eTextbook and Media List of Accounts Attempts: 1 of 2 used (c) Your answer is correct. Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. Interest Payable 21 805 2023 Cash 21 805