Journalize the following transactions a Issued three $26,000, 10 bonds that mature in 15 years at face value on January 1 b Paid semiannual interest on June 30 c Bonds retired at end of 15 years ...

Journalize the following transactions: a. Issued three $26,000, 10% bonds that mature in 15 years at face

Question:

Journalize the following transactions:
a. Issued three $26,000, 10% bonds that mature in 15 years at on January 1.
b. Paid semiannual interest on June 30.
c. Bonds retired at end of 15 years.

Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...