Madrid Company plans to issue $9\%$ bonds with a par value of $$4,100,000.$ The company sells $$3,690,000$ of the bonds at par on January $1.$ The remaining $$410,000$ sells at par on July $1.$ The bonds pay interest semiannually on June $30$ and December $31.$

$10$

pointe

Record the entry for the first interest payment on June $30.$

Record the entry for the July $1$ cash sale of bonds.

Complete this question by entering your answers in the tabs below.

Required $1$

Record the entry for the first interest payment on June $30.$

Journal entry worksheet

$1$

Record the entry for semiannual interest paid.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$June $30,,,],[,,,],[,,,],[,,,],[,,,$