8/31/y1, $3,000,000 face value bonds are issued
for $2,600,000 plus accrued interest. These bonds
pay interest on October 31 and April 30. These
bonds have a coupon rate of 6%, and are dated
April 30, y1. The bonds are 20-year bonds, and
as such mature on April 30, Y21. Please record the
following, using the straight-line approach. This
company has a December 31 year end.
8/31/y1, issuance of the bonds (include accrued
interest).
10/31/y1, interest payment.
12/31/y1, accrual of interest.
4/30/y2, interest payment.
Date		DR	CR