Dunphy Company issued $$38,000$ of $8\mathrm{.}5\%,10-$year bonds at par value on January $1.$ Interest is paid semiannually each June $30$ and December $31.$

Prepare the entries for

$($a$)$ the issuance of the bonds and

$($b$)$ the first interest payment on June $30.$

Journal entry worksheet

$1$

$2$

Record the issuance of the bonds.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$