41)

Strider Corporation issued 14%, 5-year bonds with a par value of $5,000,000 on January 1, Year 1. Interest is to be paid semiannually on each June 30 and December 31. The bonds are issued at $5,368,035 cash when the market rate for this bond is 12%. Round calculations to the nearest dollar.

a)	Prepare the general journal entry to record the issuance of the bonds on January 1, Year 1.
b)	Show how the bonds would be reported on Strider's balance sheet at January 1, Year 1.
c)	Prepare the general journal entry to record the first semiannual interest payment on June 30, Year 1. Include the amortization of any discount or premium in your journal entry.
d)	Show how the bonds would be reported on Strider's balance sheet after amortization of any discount or premium at June 30, Year 1.

42) Prepare journal entries for the following transactions. Assume all equity accounts have zero balances before these transactions.

Jan. 15	Sold 3000 shares of common stock with a $1 par value for $40 each share.
Feb. 20	Purchased 500 shares of its own stock at $20 per share.
Mar. 1	Directors declared a $2 per share cash dividend payable on March 31 to the March 15 stockholders of record.
Mar. 31	Paid the dividend declared on March 1.
Oct. 28	Sold 200 shares of its own stock at $25 per share.
Nov. 15	Sold 200 shares of its own stock at $15 per share.