On February 1, Year 1, a company issued 9% bonds, dated February 1, with a face amount of $920,000. The bonds sold for $841,072 and mature on January 31, Year 21 (20 years). The market yield for bonds of similar risk and maturity was 10%. Interest is paid semiannually on July 31 and January 31. The company's fiscal year ends December 31.

Required: 1. to 4. Prepare the journal entries to record their issuance by the company on February 1, Year 1, interest on July 31, Year 1 (at the effective rate), adjusting entry to accrue interest on December 31, Year 1 and interest on January 31, Year 2.

Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Record the issuance of the bond on February 1, Year 1.

Record the interest on July 31, Year 1 (at the effective rate).

Record the accrued interest on December 31, Year 1.

Record the interest on January 31, Year 2.

On February 1, Year 1, a company issued 9% bonds, dated February 1, with a face amount of $920,000 - The bonds sold for $841,072 and mature on January 31, Year 21 (20 years). - The market yield for bonds of similar risk and maturity was 10%. - Interest is paid semiannually on July 31 and January 31 - The company's fiscal year ends December 31. points Required: 1. to 4. Prepare the joumal entries to record their issuance by the company on February 1, Year 1, interest on July 31 , Year 1 (fat the effective rate), adjusting entry to accrue interest on December 31, Year 1 and interest on January 31 , Year 2. Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar. If no entry is required for a transoction/event, select "No journal entry required" in the first account field. 1 Record the issuance of the bond on February 1, Year 1. 2 Record the interest on July 31, Year 1 (at the effective rate). 3 Record the accrued interest on December 31, Year 1. 4 Record the interest on January 31 , Year 2