The following events occurred during the first half of the year. Book the entries necessary for the corresponding transactions that have occurred.

January 22: Issued $75,000 of 6% term bonds due on January 1, 2025 (10 periods), with interest payable each June 30 and December 31. Investors require an effective interest rate of 8%. Record the entries for the issuance of the bond.

February 28: A new long-term lease is entered into for extra storage space for the new product line of ink cartridges. The net present value of the future lease payments is $120,400. The lease is for two years at $5,000 per month beginning March 1.

March 6: A long-term note for $60,000 was taken out from the bank. The loan is for two years with an interest rate of 6%, repayable at maturity.

April 22: New equipment was purchased to make printers for $55,000. Use straight-line depreciation assuming a 4-year life with no residual value. Use full years depreciation for the first year.

April 17: 200 shares of common stock with a $1 par value were sold for $20 per share.

May 5: Paid cash dividends to stockholders of $22,500.

June 22: Purchased 50 shares of the companys stock at $25 per share.

June 30: Book the depreciation for the first half of the year on the printer equipment purchased on April 22.

June 30: Book the interest for the first half of the year on the loan you took out on March 6.

June 30: Book the interest payment and amortization on the discount for the bond.

June 30: Paid the rent expense for the first half of the year in cash.

June 30: Book the service revenue of $100,000 for the first half of the year, paid in cash.

This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you. \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Revenue Accounts } \\ \hline & Acct \# \\ \hline \hline Service Revenue & 401 \\ \hline \end{tabular} Expense Accounts \begin{tabular}{|l|r|} \hline & Acct \# \\ \hline \hline Rent expense & 501 \\ \hline Interest Expense & 502 \\ \hline Depreciation Expense & 503 \\ \hline Impairment Expense & 504 \\ \hline Loss on disposal of equipment & 505 \\ \hline \end{tabular} This chart of accounts should help you identify the appropriate accounts to record to as you are analyzing and journaling transactions for this workbook. There is nothing to complete on this page; this is simply a resource for you. \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Revenue Accounts } \\ \hline & Acct \# \\ \hline \hline Service Revenue & 401 \\ \hline \end{tabular} Expense Accounts \begin{tabular}{|l|r|} \hline & Acct \# \\ \hline \hline Rent expense & 501 \\ \hline Interest Expense & 502 \\ \hline Depreciation Expense & 503 \\ \hline Impairment Expense & 504 \\ \hline Loss on disposal of equipment & 505 \\ \hline \end{tabular}