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Question 1 (12 points) On March 1, 2019, Fabian, Inc. issued a 5 year $300,000 10% bond at face. This bond pays interest semi- annually

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Question 1 (12 points) On March 1, 2019, Fabian, Inc. issued a 5 year $300,000 10% bond at face. This bond pays interest semi- annually on March 1 and September 1 each year. Required a. Prepare the necessary entry to record the issuance of the bond on March 1, 2019. b. Prepare the entry to record the first interest payment September 1, 2019. C. Prepare the required adjusting entry at December 31, 2019

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