Journalize the following transactions of Roget Laminating, Inc.:

\section*{19X1}

Jan. 1 Issued \(\$ 2,000,000\) of 8-percent, 10-year bonds payable at 97 .

1 Signed a 5-year capital lease on machinery. The agreement requires annual lease payments of \(\$ 16,000\), with the first payment due immediately. At 12 percent, the present value of the four future lease payments is \(\$ 48,590\).

July 1 Paid semiannual interest and amortized discount by the straight-line method on our 8percent bonds payable.
Dec. 31 Accrued semiannual interest expense and amortized discount by the straight-line method on our 8-percent bonds payable.
31 Recorded depreciation on leased machinery.
31 Accrued interest expense on the lease liability.
19X11 Jan. 1 Paid the 8 -percent bonds at maturity.
Financing operations with debt or (Obj. 5 ) with stock