The following transactions all relate to the same set of records. Use the straight-line method for amortizing bond discount and premium. Journalize these transactions.

a The company issues 23,000 shares of common stock (par value, \(\$ 100\) per share) for cash at \(\$ 105\) per share.

b Twenty-year, 8 -percent bonds with \(\$ 500,000\) par value are issued for \(\$ 492,000\).

c Interest expense on the bond is recognized at the time the first semiannual interest payment is made.

d The bond indenture requires a sinking fund to be built up to pay the principal of the bonds at maturity. The company deposits \(\$ 18,600\) with the sinking fund trustee.

e A cash dividend of \(\$ 2\) per share of common stock is declared.

f At the end of the twentieth year of the life of the bonds, the final semiannual interest payment is made and the bonds are retired. There are sufficient funds in the sinking fund to accomplish the retirement.

g A fund of \(\$ 50.000\) is created for future expansion.

h An additional 7.000 shares of common stock are issued for cash at \(\$ 110\) a share.