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Landry, Inc issues bonds with the following information. Landry, Inc Bond Issuance Description Data Par Value 1,000 Term 2 years Contract Interest Rate 3% Market

Landry, Inc issues bonds with the following information. Landry, Inc Bond Issuance Description Data Par Value 1,000 Term 2 years Contract Interest Rate 3% Market Interest Rate 3.5% Issue Price 98 Prepare the journal entry to record the issuance of one bond. DR: DR: CR: Prepare the journal entry to record the semi annual interest payment on one bond. DR: CR: CR: Prepare the journal entry to retire the bond. DR: CR

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