Question 1: Meera Corporation issued 4,000, 8%, 5 years, $1000 bonds dated a- Prepare the journal entry to record the sale of these bonds on b- Prepare the journal entry to record the first interest payment on January 2014 at 100. January 1, 2014 taily), assuming no previous July 1, 2014 (interest paid semiannually), assuming no previous accrual of interest. c Prepare the adjusting journal entry on December 31, 2014 to record interest expense