View Policies Current Attempt in Progress On January 1, 2022, Pharoah Company issued $305,500, 6%, 5-year bonds at face value. Interest is payable annually on January 1. (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.) Date: Account Titles and Explanation. Jan. 1, 2022 eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 2 used Submit Answer (b) 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 Dec. 31, 2022 Account Titles and Explanation eTextbook and Media) List of Accounts: Save for Later Debit Credit Attempts: 0 of 2 used Submit Answer (c) Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Date Jan. 1, 2023 Account Titles and Explanation eTextbook and Medial List of Accounts Save for Later Debit Credit Attempts: 0 of 2 used Submit Answer (c) Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Date Jan. 1, 2023 Account Titles and Explanation eTextbook and Medial List of Accounts Save for Later Debit Credit Attempts: 0 of 2 used Submit