December 30: Byte received a $9,465.00 check from Corporation for merchandise ordered which will be delivered in January.

Christian Wolff, Byte's CPA, indicated that the previous bookkeeper was not very good. The CPA prepared a bank reconciliation and discovered that the bookkeeper neglected to record the bond issued on January 1 of this year and neglected the recording of the interest

payment on June 30. Since Byte does not make entries into "closed" periods, record the entries as of December 31.

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December 31: On January 1, Byte received $193,390.20 when they issued a $180,000.00, 7%, ten-year bond. Interest is to be paid semiannually on June 30 and December 31. The market rate was 6%. This entry was never recorded.

December 31: Check # 5367 was issued on June 30 for the timely interest payment for the bond. Record the entry using the straight-line method. This entry was never recorded.

December 31: Check # 6011 was issued on December 31st for the timely interest payment for the bond. Record the entry using the straight-line method.

record journal entries