Agard Techtronics, Inc., is authorized to issue $3,600,000 in bonds on June 1. The bonds carry a face interest rate of 9 percent, which is to be paid on June 1 and December 1. Prepare entries in journal form for the issue of the bonds by Agard Techtronics, Inc., under the assumptions that

(a) the bonds are issued on September 1 at 100 and

(b) the bonds are issued on June 1 at 105.

Bond Issue Between Interest Dates