On March 312, 2018 Gardner Corporation recieved authorization to issue $50,000 of 9 percent, 30-year bods payable. The bonds pay interest on march 31 and September 30. the entire issue was dated March 31, 2018, but he bonds were not issues until Arpil 30, 2018. They were issued at face value.

a) prepare the journal entry at April 30, 2018, to record teh sale of the obnds.

b) prepare the journal entry at september 30, 2018, to record the semiannual bond interest payment

c) prepeare the adjusting entry at december 31, 2018, to record bond interest expense accrued since September 30, 2018 (assume that no monthly adjusting entries to accrue interest expense had been made prior to december 31, 2018)

d) Explain why the issuing corporation charged its bond investors for interest accrued in April 2018, prior to the issuance date (see part b).