Hardy Corporation had the following bond issue:

Date of issue/sale:May 1, 20-APrincipal:$500,000Sale price of bonds:100Life of bonds:10 yearsStated rate:6% a year payable semiannually on October 31 and April 30

Instructions:Prepare the following general journal entries.

1. The issuance of the bonds on May 1, 20-A.
2. The first interest payment for 20-A.
3. The adjusting entry for December 31, 20-A.
4. The reversing entry for January 1, 20-B.

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