nc. issued a

$500,000,

3.25

percent,

10-year

bond payable on January 1,

2020.

Journalize the following transactions for

Neko

Inc. assuming that the business has a December 31 fiscal year-end. Include an explanation for each entry.

a.	Issuance of the bond at par on January 1, 2020.
b.	Payment of semi-annual interest on July 1, 2020.
c.	January 1, 2030. Payment of the bonds payable at maturity.

a. Issuance of the bond at par on January 1,

2020.

(Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Journal Entry
Date			Accounts and Explanations	Debit	Credit
Jan.	1	2020

b. Payment of semi-annual interest on July 1,

2020.

(Round amounts to the nearest dollar.)

Journal Entry
Date			Accounts and Explanations	Debit	Credit
Jul.	1	2020