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debt issued at par: on December 31,2013, Desmond &co issued 5000 bonds with a $1000 par value at 100. the bonds have an 8% stated

debt issued at par: on December 31,2013, Desmond &co issued 5000 bonds with a $1000 par value at 100. the bonds have an 8% stated rate, pay interest on June 30 and December 31, and mature December 31, 2014. required: 1. prepare the journal entries to record the interest payment on June 30, 2014.

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