Question: I need help with part e On October 1, 2021, Pina Corp. issued $852,000,5%,10-year bonds at face value. The bonds were dated October 1,2021 ,

I need help with part e

issued $852,000,5%,10-year bonds at face value. The bonds were dated October 1,2021

, and pay interest annually on October 1 . Financial statements are

prepared annually on December 31. (a) Prepare the journal entry to record

the issuance of the bonds. (Credit account titles are automatically indented when

On October 1, 2021, Pina Corp. issued $852,000,5%,10-year bonds at face value. The bonds were dated October 1,2021 , and pay interest annually on October 1 . Financial statements are prepared annually on December 31. (a) 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.) Prepare the adjusting entry to record the accrual of interest on December 31,2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2021. Prepare the journal entry to record the payment of interest on October 1.2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the adjusting 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.)

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