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Swifty Corporation issued 3,1005%,5-year, $1,000 bonds dated January 1,2022, at face value. Interest is paid...

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Accounting

Swifty Corporation issued 3,1005%,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.)
Date
Account Titles and Explanation
Debit
Credit
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.)
Date
Account Titles and Explanation
Debit
Credit
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.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 1,2023
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