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#7 To fund an expansion, the company issues 6%, 10-year bonds with a face amount of $1,000,000 at par on September 1, 2021. Interest is

#7 To fund an expansion, the company issues 6%, 10-year bonds with a face amount of $1,000,000 at par on September 1, 2021. Interest is paid semiannually on August 31 and February 28. The company has a calendar year end. Prepare the journal entries for the bonds on the following dates: LABEL #7 and journal entry date 9 pts 9/1/2021 12/31/2021 2/28/2022 8/31/2022

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