Issuing Bonds at Face Amount

The first day of the fiscal year, a company issues a $800,000, 5%, 10-year bond that pays semiannual interest of $20,000 ($800,000 5% year), receiving cash of $800,000.

a. Journalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank.

		fill in the blank bc3c78ffaf91fe6_2	fill in the blank bc3c78ffaf91fe6_3
		fill in the blank bc3c78ffaf91fe6_5	fill in the blank bc3c78ffaf91fe6_6

b. Journalize the entry to record the first interest payment. If an amount box does not require an entry, leave it blank.

		fill in the blank 790fa3fe305c037_2	fill in the blank 790fa3fe305c037_3
		fill in the blank 790fa3fe305c037_5	fill in the blank 790fa3fe305c037_6

c. Journalize the entry to record the payment of the principal on the maturity date. If an amount box does not require an entry, leave it blank.

		fill in the blank ab9df9029fbe06d_2	fill in the blank ab9df9029fbe06d_3