On March 1, 2018, Hubbard Co. issued at par $20 million of 6%, 25-year bonds payable. Interest is payable semiannually each March1 and September 1.

Bonds Question 1: What is the amount of cash paid to bondholders for interest during 2018?

Bond Question 2: Prepare the adjusting entry necessary at December 31, 2018.

Account Name	Debit ($)	Credit ($)
Dr.
Cr.

Bond Question 3: What is the amount of interest expense on this bond reported in Hubbard's 2018 Income Statement?

Bond Question 4: What is the amount of bonds payable reported in Hubbard's 2018 balance sheet?

Bond Question 5: What is the amount of Interest payable reported in Hubbard's 2018 balance sheet?

Bond Question 6: Prepare the journal entry necessary to record the semiannual payment of interest to bondholders on March 1, 2019.

Enter the debit for the higher dollar amount first.

Account Name	Debit ($)	Credit ($)
Dr.
Dr.
Cr.