Exercise 14-3 Presented below are two independent situations. 1. On January 1, 2017, Sweet Company issued $204,000 of 7%, 10-year bonds at par. Interest is payable quarterly on April 1, July 1, October 1, and January 1. 2. On June 1, 2017, Pharoah Company issued $156,000 of 11%, 10-year bonds dated January 1 at par plus accrued interest. Interest payable semiannually on July 1 and January 1. For each of these two independent situations, prepare journal entries t Credit account titles are automatically indented when amount is entered. Do not indent manually.) record the following. (If no entry required, select "No Entry" for the account titles and enter 0 for the amounts. (a) The issuance of the bonds. (b) The payment of interest on July 1. (c) The accrual of interest on December 31 Account Titles and Explanation Credit Date Debit 1 Sweet Company: Pharoah Company: 2. 4