Rowe Corporation authorized $600,000 of 8% (cash interest payable semiannually) 10-year bonds. The bonds were dated January 1. Interest dates are June 30 and December 31. Assuming that the bonds were sold on March 1 at face value, record the following journal entries. a. March 1: Issuance of bonds. b. June 30: First interest payment.

Cash Inventory Equipment Land in Deferred Revenue Bonds Payable Discount on Bonds Payable Discount and Debt Issuance Costs Premium on Bonds Payable Fair Value Adjustment-Bonds Payable Note Payable Discount on Note Payable Premium on Note Payable Fair Value Adjustment-Note Payable Interest Payable Common Stock Paid-in Capital in Excess of Par-Common Stock Paid-in Capital-Stock Warrants Retained Earnings-Prior Period Adjustment Debt Conversion Expense Interest Expense Loss on Redemption of Bonds Gain on Redemption of Bonds Unrealized Gain or Loss-Income Unrealized Gain or Loss-OCl Rowe Corporation authorized $600,000 of 8% (cash interest payable semiannually) 10 -year bonds. The bonds were dated January 1 . Interest dates are June 30 and December 31. Assuming that the bonds were sold on March 1 at face value, record the following journal entries. a. March 1: Issuance of bonds. b. June 30: First interest payment