1. Kahikatea Company issued $750,000 of bonds at 100 dated January 1, 20x1 on January 1, 20x1. The bonds have a 7.5% interest rate and will mature on December 31, 20x9. Interest will be paid semiannually on June 30 and December 31. The company's fiscal year ends on December 31.

Required: Record all journal entries required from 1/1/x1 through 12/31/x1 and on 12/31/x9.

2. Lillypilly Corp. issued $450,000 worth of 5% bonds at par dated February 1, 20x2 on February 1, 20x2. The bonds will mature on January 31, 20x8. Interest will be paid semiannually on January 31 and July 31. The company's fiscal year ends on December 31.

Required: Record all journal entries required from 2/1/x2 through 7/31/x3 and on 1/31/x8.