Bonds Issued at Face Value

A & B Antiques issued the following bonds:

Date of issue and sale:	April 1, 20-1
Principal amount:	$530,000
Sale price of bonds:	100
Denomination of bonds:	$1,000
Life of bonds:	10 years
Stated rate:	8%, payable semiannually on September 30 and March 31

1. Prepare journal entries for:

a. Issuance of the bonds.

b. Interest payment on the bonds on September 30.

c. Year-end adjustment on the bonds.

If an amount box does not require an entry, leave it blank.1. Prepare journal entries for:

a. Issuance of the bonds.

b. Interest payment on the bonds on September 30.

c. Year-end adjustment on the bonds.

If an amount box does not require an entry, leave it blank.

Page:

	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT
1	a. 20-1 Apr. 1						1
2							2
3							3
4	b. Sept. 30						4
5							5
6							6
7	c. Dec. 31						7
8							8
9							9