P8-52B

1. Journalize the following transactions of Farm Equipment Limited:

2017 Jan. 1 Issued $100,000 of 8%, five-year bonds at 94. July 1 Paid semi-annual interest and amortized the bonds by the straight-line method on our 8% bonds payable. Dec. 31 Accrued semi-annual interest expense and amortized the bonds by the straight-line method on our 8% bonds payable. 2018 Jan. 1 Paid semi-annual interest. 2022 Jan. 1 Paid the 8% bonds at maturity