Lafayette Corp. issues $1,500,000 of 20-year, 8 percent bonds on February 1, 2017. The bonds sell at

Question:

Lafayette Corp. issues $1,500,000 of 20-year, 8 percent bonds on February 1, 2017. The bonds sell at 102.00 and pay interest on January 31 and July 31. Assume Lafayette Corp. amortizes the premium by the straight-line method. Record
(a) The issuance of the bonds on February 1,
(b) The payment of interest on July 31,
(c) The accrual of interest on December 31,
(d) The payment of interest on January 31, 2018.