On January 1, 2021, Laird Company issued $300,000,5-year, 9% bonds at 103. Interest is paid semiannually on each June 30 and December 31. The maturity date is December 31, 2030. What journal entry will the company record when it issues the bonds on January 1, 2021? di SO Blair Company has 15,000 shares of 7%, $100 par value cumulative preferred stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $250,000. This dividend should be distributed to the company's preferred and common shareholders as follows: Y