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Question 8 of 12 View Policies Current Attempt in Progress Ayayai Corp. issued 1,000...

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Question 8 of 12 View Policies Current Attempt in Progress Ayayai Corp. issued 1,000 5%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Credit Debit Account Titles and Explanation Date Jan. 1.2022 (b) Prepare the adjusting journal entry on December 31, 2022, to record interest expense. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Debit Credit Account Titles and Explanation Date Dec. 31. 2022 (c) Prepare the journal entry on January 1, 2023, to record interest paid. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan 1.2023 e Textbook and Media

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