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4. Prepare journal entries to show the accrual of interest at year end, the payment of semi-annual interest, and the retirement of the bonds.

4. Prepare journal entries to show the accrual of interest at year end, the payment of semi-annual interest, and the retirement of the bonds. You will have two journal entries in 2022 (one for the issuance and one for accrual of interest), three journal entries in years 2023-2026 (two for the semi-annual payments of interest and one for accrual of interest), and three in 2017 (two for the semi-annual payments of interest and one for the retirement of the bonds).

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