On January 1, 2013, Leary Corporation issued $800,000, 9%, 5-year

bonds dated January 1, 2013, at 96. The bonds pay semiannual interest on January 1 and July 1. The company uses the straight-line method of amortization and has a calendar year end. (10 points)

INSTRUCTIONS

Prepare all the journal entries that Leary Corporation would make

related to this bond issue through January 1, 2014. Be sure to

indicate the date on which the entries would be made.

28. Boyle Corporation had the following comparative current assets and

current liabilities: (15 points)

Dec. 31, 2013 Dec. 31, 2012