Plymouth Corporation issued $200,000 of 9%, five-year bonds for 150,000 (bonds were issued at discount) on January 1, 2000. Interest is paid semi-annually on January 1 and July 1. Plymouth Corporation uses the straight-line method of amortization. Record the following transactions in the journal below

Transactions for 2000

Jan. 1 Issued $200,000 of 5-year, 9% bonds at $150,000.

Jul. 1 Recorded the interest payment.

Dec. 31 Recorded the accrued interest on the bonds.

Transactions for 2001

Jan. 1 Recorded the interest payment.

Jul. 1 Recorded the interest payment.

Dec. 31 Recorded the accrued interest on the bonds.

Date	Accounts	Debit	Credit