On April 1, 2021, Province of Wakanda issued $350,000 of 15 year, 5% bonds at par value. The bonds pay interest semi-annually on October 1 and April 1. Province of Manitobas year end is December 31.

Required: (round all answers to the nearest whole dollar)

Prepare the journal entries that Province of Manitoba would make to record:

1. the issuance of the bonds on April 1, 2021;
2. the first interest payment on October 1, 2021; and
3. the accrual of interest on December 31, 2021