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On January 1, 2022 PBS Company issues a $900,000, 12%, 25 year bond that pays interest quarterly. Required: Prepare the journal entries for the following

On January 1, 2022 PBS Company issues a $900,000, 12%, 25 year bond that pays interest quarterly. Required: Prepare the journal entries for the following dates; a. 1/1/22 - The date the bond is issued b. 3/31/22 The first quarterly interest payment c. 6/30/22 The second quarterly interest payment d. 12/31/42 The date the bond is retired

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