On July 1, 2015, Swanson Manufacturing Ltd. purchased $75,000 of 10-year, 7% Government of Canada bonds at par plus accrued interest to be held to maturity. The interest is received semiannually on May 1 and November 1.
a. Journalize the entry to record the bond purchase.
b. Journalize the semiannual interest received on November 1, 2015.
c. Journalize the accrued interest adjustment on December 31, 2015.
d. Journalize the receipt of the face amount of the bonds on the bond maturity date, May 1, 2025.