On March 31, 2018, Gardner Corporation recieved authorization to issue $80,000 of 9 percent, 30-year bonds payable.The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 2018, but the bonds were not issued until April 30, 2018. They were issued at face balue.

a-c. Record entries issue of bonds and related interest expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. Record the sale of bonds.

2. Record the semiannual bond interest payment.

3. Record the adjusting entry to recognize three months interest.

2 3 Record the sale of bonds. Note: Enter debits before credits. Date General Journal Debit Credit Apr 30, 2018 Record entry Clear entry View general jou