River Limited issued $341,000 worth of 10% bonds on January 1, 2023, at face value. The bonds are due on January 1, 2027, with interest payable each July 1 and January 1.

Prepare journal entries for the following. a) The issuance of the bonds on January 1, 2023 b) The interest payment on July 1, 2023 c) The required adjusting entry on December 31, 2023 d) The retirement of the bonds on January 1, 2027