ework (Graded) 8.17 / 10 Question 4 of 12 View Policies Show Attempt History Current Attempt in Progress On August 1, 2022, Ayayai Corp. issued $506,400,7%, 10-year bonds at face value. Interest is payable annually on August 1. Ayayai's year-end is December 31. Your answer is correct. 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 Cash 506400 Bonds Payable 506400 png A co search o CH 8.17/ 10 Question 4 of 12 Your answer is partially correct. 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 Credit Debit Account Titles and Explanation Dec. 31 Interest Expense 18074 Interest Payable 18074 e Textbook and Media List of Accounts earch F. 182 Question 4 of 12 8.17 / 10 Your answer is partially correct. 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 Interest Expense 20678 th Interest Payable 18074 Cash 38752 e Textbook and Media List of Accounts g search 82