On January 1 of Year 1, Congo Express Airways issued $4,700,000 of 7%, bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $4,343,000 and the market rate of interest for similar bonds is 8%. The bond premium or discount is being amortized using the straight-line method at a rate of $10,500 every six months. The life of these bonds is:

A company issued 5-year, 7% bonds with a par value of $1,000,000. The market rate when the bonds were issued was 6.5%. The company received $1,010,000 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is:

On January 1, Parson Freight Company issues 8.5%, 10-year bonds with a par value of $2,300,000. The bonds pay interest semiannually. The market rate of interest is 9.5% and the bond selling price was $2,143,712. The bond issuance should be recorded as:

A company issued 9%, 15-year bonds with a par value of $590,000 that pay interest semiannually. The market rate on the date of issuance was 9%. The journal entry to record each semiannual interest payment is: