1. Moon Company issued $2,000,000, 3%, 6-year, bonds. Interest to be paid semiannually. The market rate on bonds issue date was 4%. Provide the journal entry that must be made on issue date of the bonds. Example of Answer: A5678.20D 15000, 00 Two Decimal Points. No comm space, or dollar sign

2. Moon Company issued $2,000,000, 3%, 6-year, bonds. Interest to be paid semiannually. The market rate on bonds issue date was 4%. Provide the journal entry for the second interest payment by the bond

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