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On January 1, 2021, Humphrey Corporation issued $400,000, 6%, 10-year bonds dated January 1, 2011, at 103. The bonds pay semi-annual interest on January 1

On January 1, 2021, Humphrey Corporation issued $400,000, 6%, 10-year bonds dated January 1, 2011, at 103. The bonds pay semi-annual interest on January 1 and July1. The company uses the straight-line method of amortization and has a calendar year end.

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Make the journal entries that Bradley Corporation would make related to this bond issue through January 1, 2022.Be sure to indicate the date on which the entries would be made.

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