Everest corporation sold $100,000 of 5% 8 year bonds for face value on April 1 2016 instead of on Janaury 1 2016. Everest pays interest on January 1 and July 1 of each year.

a) prepare the journal entries to record the sale of the bonds on April 1 2016

b) prepare the journal entry to record the first semi- annual interest payment on July 1 2016

c) show the bond interest expense in t- account form on July 1 2016