On January 1, Lane Company issued $800,000, 8%, 10 year bonds at face value.
	Interest is payable annually on January 1.
	Instructions: Prepare the entries to record the following:
(a)	The issuance of the bonds
		The entry to Bonds Payable is always for the maturity value.
					Dr
	Jan 1
(b)	The accrual of interest on December 31.
	Dec 31
(c )	The payment of interest on January 1, of the next year.
	Jan 1 next yr