Prepare entries to record issuance

of bonds, payment of interest,

amortization of premium, and

redemption at maturity.

$*$E$15\mathrm{.}15($L$05),$ AP Adcock Company issued $$600,000,9\%,20-$year bonds on January $1,2022,$ at $103.$ Inter$-$

est is payable annually on January $1.$ Adcock uses straight$-$line amortization for bond premium or discount.

Instructions

Prepare the journal entries to record the following.

a$.$ The issuance of the bonds.

b$.$ The accrual of interest and the premium amortization on December $31,2022.$

c$.$ The payment of interest on January $1,2023.$

d$.$ The redemption of the bonds at maturity, assuming interest for the last interest period has been paid

and recorded.