2. The Kell Company issued $600,000 of 10 year, 12% bonds at 99. The bonds were issued on January 1, 20x1, with interest payable semiannually on June 30 and December 31.

REQUIRED: Present the journal entries for each of the following:

1. The issuance of the bonds.

2. The payment of interest for the first six months.

3. Amortization for the first six months.

4. The retirement of 1/2 the bonds at 102 on January 1, 20x5.