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Dunphy Company issued $$14,000$ of $7\mathrm{.}0\%,10-$year bonds at par value on January $1.$ Interest is paid semiannually each

June $30$ and December $31.$

Prepare the entries for $(a)$ the issuance of the bonds and $(b)$ the first interest payment on June $30.$

$1$ Record the issuance of the bonds.

$2$ Record the first interest payment on June $30.$

Note : $=$ journal entry has been enteredRequired information $[$The following information applies to the questions displayed below.$]$ Vintage Company reports the following information. Compute product cost per unit under absorption costing. $($Round your answers to $2$ decimal places.$)$Required information $[$The following information applies to the questions displayed below.$]$ Vintage Company reports the following information. Compute product cost per unit under variable costing. $($Round your answers to $2$ decimal places.$)$