Seng, Inc., issued $900,000 of 30-year, 9 percent bonds dated March 1. Interest is payable on March 1 and September 1. The fiscal year extends from January 1 through December 31. Journalize entries for the following:

Sept. 1 Payment of semiannual interest Dec. 31 Adjustment for accrued interest expense P.O. 2 journalize adjusting entry for bonds sold at a premium.

P.O. 2 journalize adjustment for interest expense.