Goodhew Software Systems, Inc., issued \(\$ 100,000\) face value of \(10 \%, 20\)-year bonds on July 1, 1998. The bonds are dated July 1, 1998, call for semiannual interest payments on July 1 and January 1, and are issued to yield \(12 \%\) ( \(6 \%\) per period).
\section*{Required}

a. Compute the amount received for the bonds.

b. Prepare an amortization schedule similar to that in Illustration 15.4. Enter data in the schedule for only the first two interest periods. Use the interest method and calculate all amounts to the nearest dollar.

c. Prepare entries to record the issuance of the bonds, the first six months' interest on the bonds, and the adjustment needed on June 30, 1999, assuming Goodhew's fiscal year ends on that date.