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On May 1, 2014 Peter Tools issued bonds payable with a face value of $1,400,000 at 104 plus accrued interest. They are registered bonds dated

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On May 1, 2014 Peter Tools issued bonds payable with a face value of $1,400,000 at 104 plus accrued interest. They are registered bonds dated Jan 1, 2014, bear interest at 9% payable semiannually on Jan 1 and July 1, and mature Jan 1, 2024. The company uses straight-line amortization. Write the entries for 2014 and 2015

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