Presented below are two independent situations.

1.		On January 1, 2017, Sheffield Company issued $ 180,000 of 7%, 10-year bonds at par. Interest is payable quarterly on April 1, July 1, October 1, and January 1.
2.		On June 1, 2017, Tamarisk Company issued $ 132,000 of 12%, 10-year bonds dated January 1 at par plus accrued interest. Interest is payable semiannually on July 1 and January 1.

For each of these two independent situations, prepare journal entries to record the following. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

(a)		The issuance of the bonds.
(b)		The payment of interest on July 1.
(c)		The accrual of interest on December 31.