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On January 1, 2017, Forrester Company issued $400,000,8%,5-year bonds at face value. Interest is payable annually on January 1. Instructions Prepare journal entries to record

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On January 1, 2017, Forrester Company issued $400,000,8%,5-year bonds at face value. Interest is payable annually on January 1. Instructions Prepare journal entries to record the following: (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2017. (c) The payment of interest on January 1, 2018

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