On March 1, 2013, Stratford Lighting issued 14% bonds, dated March 1, with a face amount of $660,000. The bonds sold for $654,000 and mature on February 28, 2033 (20 years). Interest is paid semiannually on August 31 and February 28. Stratford uses the straight-line method and its fiscal year ends December 31.

Required:

1.	Prepare the journal entry to record the issuance of the bonds by Stratford Lighting on March 1, 2013. (If no entry is required for a transaction, select "No journal entry required" in the first account field.)

2.	Prepare the journal entry to record interest on August 31, 2013. (If no entry is required for a transaction, select "No journal entry required" in the first account field.)

3.	Prepare the journal entry to accrue interest on December 31, 2013. (If no entry is required for a transaction, select "No journal entry required" in the first account field.)

4.	Prepare the journal entry to record interest on February 28, 2014. (If no entry is required for a transaction, select "No journal entry required" in the first account field.)