On September $1,$ Year $1,$ Parsons Company purchased $$84,000$ of $10-$year, $7\%$ government bonds at $100$ plus accrued interest. The semiannual interest payment dates are June $30$ and December $31.$ Interest computations are done by the month.

Required:

a$.$ Journalize the entry for the bond purchase.

b$.$ Journalize the receipt of interest on December $31$ of the first year.

c$.$ Journalize the sale of the bonds on February $1$ of the second year for $$82,000$ plus accrued interest.

If an amount box does not require an entry, leave it blank.

a$.$ Year $1$ Sept. $1.$

b$.$ Year $1$ Dec. $31$

c$.$ Year $2$ Feb. $1$