On May 1 of the current year, a company paid $200,000 to purchase 8%, 10-year bonds with a par value of

$200,000; interest is paid semiannually on March 1 and September 1. The company intends to hold the bonds until they mature. Prepare the journal entries to record (1) the bond purchase, (2) the receipt of the first semiannual interest payment on September 1 of the current year, (3) the accrual of interest for year-end December 31, and (4) the receipt of the second semiannual payment on May 1.