$3$ On February $1,2023,$ Georgia State Line Inc. issued $$500,000$ worth of bonds with a $7\%$ interest rate.

$4$ The bonds were issued at par. Interest is payable semi$-$annually on August $1$ and February $1.$

$5$ The bonds mature on February $1,2033.$ Georgia State Line Inc. has a September $30$ year end.

$6$

$7$ Required

$8$ Prepare journal entries for the following.

$9$ a$)$ The issuance of the bonds payable on February $1,2023$

$10$ b$)$ The payment of interest on August $1,2023$

$11$ c$)$ The required adjusting entry on September $30,2023$

$12$ d$)$ The payment of interest on February $1,2024$

$13$ e$)$ The maturity of the bond on February $1,2033,$ assuming the interest has already been paid

$14$

$\backslash$table$[[15,$Date,Account Title and Explanation,Debit,Credit$],[16,,,,],[17,,,,],[18,,,,],[19,,,,],[20,,,,],[21,,,,],[,$CH $17,,,]]$

Ready $\sqrt[\phantom{2}]{2}$ Accessibility: Good to go