Question: Problem 10-4A (Part Level Submission) On October 1, 2016, Riverbed Corp. issued $876,000, 6%, 10-year bonds at face value. The bonds were dated October 1,

Problem 10-4A (Part Level Submission) On October 1, 2016, Riverbed Corp. issued $876,000, 6%, 10-year bonds at face value. The bonds were dated

Problem 10-4A (Part Level Submission) On October 1, 2016, Riverbed Corp. issued $876,000, 6%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pay interest annually on October 1. Financial statements are prepared annually on December 31. (a) 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.) Debit Credit Date Account Titles and Explanation Oct. 1, 2016 Cash 876000 Bonds Payable 876000 Prepare the adjusting entry to record the accrual of interest on December 31, 2016. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2016

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