On March $31,2024,$ Gardner Corporation received authorization to issue $$70,000$ of $9$ percent, $30-$year bonds payable. The bonds pay interest on March $31$ and September $30.$ The entire issue was dated March $31,2024,$ but the bonds were not issued until April $30,2024.$ They were issued at face value.

Required:

a$.$ Prepare the journal entry at April $30,2024,$ to record the sale of the bonds.

b$.$ Prepare the journal entry at September $30,2024,$ to record the semiannual bond interest payment.

c$.$ Prepare the adjusting entry at December $31,2024,$ to record bond interest expense accrued since September $30,2024.($Assume that no monthly adjusting entries to accrue interest expense had been made prior to December $31,2024.)$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

$2$

$3$

Record the sale of bonds.

Note: Enter debits before credits.

Journal entry worksheet

$1$

$2$

$3$

Record the semiannual bond interest payment.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$September $30,2024,,,],[,,,],[,,,],[,,,],[,,,]]$

Journal entry worksheet

$1$

$2$

$3$

Record the adjusting entry to recognize three months' interest.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,2024,,,],[,,,],[,,,],[,,,],[,,,]]$