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On October 1, 2024, Ayayai Corp issued $720,000,5%,10 year bonds at...

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Accounting

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On October 1, 2024, Ayayai Corp issued $720,000,5%,10 year bonds at face value. The bonds were dated October 1,2024, and pay interest annually on October 1 . Financial statements are prepared annually on December 31. (a) Prepare the joumal entry to record the issuance of the bonds. (List all deblt entries before credit entries. Credit account tities are outomaticolly indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts)

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