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Blue Co. issued $5,000,000, 7% bonds, dated January 1, 2026 which were issued on March...

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Accounting

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Blue Co. issued $5,000,000, 7% bonds, dated January 1, 2026 which were issued on March 1, 2026. Interest payment dates are June 30th and January 1st What would be recorded in the following accounts on March 1? Indicate Debit or Credit Amount Bonds Payable Interest Expense Interest Payable Cash What would be recorded in the following accounts on June 302 Indicate Debit or Credit Amount Bonds Payable Interest Expense Interest Payable Cash

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