Journalize the following transactions:

On

9. (7)Journalize the following business transactions: A. On 1/1/12 Northwest, Inc. issued $1,500,000 of 5yr corporate bonds at Face Amount, 12% interest rate paid semiannually on June 30 and December 31. B. On 6/30/12 the first interest payment was sent to Bond Holders. C. On 12/31/16 the bonds mature and the company pays off the current bondholders, D. On January 1, 2012 Northwest, Inc. issued $100,000, 12%, 5yr bonds when the market rate was 13%. Proceeds received were $96,406. (Interest will be paid semiannually on June 30 and December 31.) E. On June 30, 2012 Northwest, Inc. pays 6 months interest on the 5 yr, bond. F. On 1/1/12 Northwest, Inc. issued $100,000 12% 5yr bonds for $103,769. The market rate of interest is 11%. (Interest will be paid semiannually on June 30 and December 31.) G. On 6/30/12 the first interest payment is paid to bond holders