Stewart issued $240,000, 12%, 10-year bonds payable at 88 on January 1, 2014.

6.	Journalize the issuance of the bonds payable on January 1, 2014.
7.	Journalize the payment of semiannual interest and amortization of the bond discount or premium (using the straight-line amortization method) on July 1, 2014.
8.	Assume the bonds payable was instead issued at 114. Journalize the issuance of the bonds payable and the payment of the first semiannual interest and amortization of the bond discount or premium.

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Maxter Corporation began the year with accounts receivable, inventory, and prepaid expenses totaling $63,000. At the end of the year, Maxter had a total of $75,000 for these current assets. At the beginning of the year, it owed current liabilities of$45,000, and at year-end, current liabilities totaled $42,000. Net income for the year was $87,000. Included in net income was a $5,000 gain on the sale of land and depreciation expense of $7,000. Show how Maxter should report cash flows from operating activities for the year. The company uses the indirect method. (Use parentheses or a minus sign for numbers to be subtracted.)

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On January 1,2014,TurnerCorporation signed a$180,000,ten-year,4%note. The loan required Turnerto make payments annually on December 31 of $18,000principal plus interest.

1.	Journalize the issuance of the note on January 1, 2014.
2.	Journalize the first payment on December 31,2014.