On January 1, 2016, Alan Unlimited issues 12%,15-year bonds payable with a face value of $230,000.The bonds are issued at 103 and pay interest on June 30 and December 31.

Requirements

1.	Journalize the issuance of the bonds on January 1, 2016.
2.	Journalize the semiannual interest payment and amortization of bond premium on June 30, 2016.
3.	Journalize the semiannual interest payment and amortization of bond premium on December 31, 2016.
4.	Journalize the retirement of the bond at maturity. (Give the date.)

(Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry.)