On January 1, 201X, Parino Corporation issued $800,000 of 8%, 10-year bonds to lenders at par (100).

Question:

On January 1, 201X, Parino issued $800,000 of 8%, 10-year bonds to lenders at par (100). Interest is to be paid semiannually on July 1 and January 1. Journalize the following entries:
a. Issued the bonds.
b. Paid semiannual interest payment.
c. Retirement of bonds, assuming interest expense is up-to-date.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...