Richard, Inc., which closes its books on December 31, is authorized to issue \(\$ 600,000\) of six percent, 20 -year bonds dated March 1, with interest payments on September 1 and March 1.

Required 

Prepare journal entries to record the following events, assuming that the bonds were sold at 100 plus accrued interest on July 1.

a. The bond issuance.

b. Payment of the semiannual interest on September 1.

c. Accrual of bond interest expense at December 31 .

d. Payment of the semiannual interest on March 1 of the following year.

e. Retirement of \(\$ 200,000\) of the bonds at 104 on March 1, Year 3 (immediately after the interest payment on that date).