On August 1, N, LeDoux Corporation issued $800,000, 6%, 10-year bonds at face value. Interest is payable annually on August 1. LeDouxs year-end is December 31.

On August 1,N, LeDoux Corporation issued $800,000,6%,10-year bonds at face value. Interest is payable annually on August 1. LeDoux's year-end is December 31. Instructions: Prepare journal entries to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31,N. (c) The payment of interest on August 1, N+1. I. On January 1 , Wurm Company issued $600,000,6.5%,10-year bonds at face value. Interest is payable annually on January 1. Instructions: Prepare journal entries to record the following events. (a) The issuance of the bonds. (b) The accrual of interest on December 31 . (c) The payment of interest on January 1