Marigold Cleaners issued $700,000$ of $11\%,20-$year bonds on January $1,2022,$ at $118,402$ to yield $9\%.$ Interest is payable

semiannually on July $1$ and January $1.$

Prepare the journal entries to record the following. $($Credit account titles are outomatically indented when the amount is entered. Do not

indent manually. Round answers to $0$ decimal places, es$.5,275.$ If no entry is required, select $"$No Entry" for the account titles and enter O for the

amounts$)$

$($a$)$ The issuance of the bonds.

$($b$)$ The payment of interest and the related amortization on July $1.2022.$

$($c$)$ The accrual of interest and the related amortization on December $31,2022$

Date

$2$

Account Titles and Explanation

Cash

Debit

interest expense

bonds pauable

cash

$\frac{1}{22}$

Account Tities and Explanation

Bonds paryabie

$[37297],[1203]$

Bonds payable

Interest payable

Credit