On January 1, 2018, Davie Services issued $20,000 of 8% bonds that mature in five years. They were sold for a total of $19,000. Provide the journal entry to issue bonds.

On January 2, 2018, Mahoney Sales issued $10,000 in bonds for $9,400. They were 5-year bonds with a stated rate of 4%, and pay semiannual interest. Mahoney Sales uses the straight-line method to amortize bond discount. Provide the journal entry for the first interest payment on June 30, 2018.

6) On July 1, 2018, Miniature Company has bonds with balances as shown below.

If the company retires the bonds for $66,150, what will be gain or loss on the retirement?

On June 30, Cleopatra Company finished Job 70 with total job costs of $40,000 and transferred the costs to Finished Goods Inventory. On July 6, Cleopatra completed the sale of the goods to a customer for $55,000 on account.

Provide the journal entry to record the sales revenue.

Provide the entry to record the cost of goods sold.