This is the same problem

P15-1B On June 1, 2014. Weller Corp. issued S2,000,000, 9%, 5-year bonds at face value. The Prepare entries to recond issuance of bonds, interest bonds were dated June 1, 2014, and pay interest semiannually on June 1 and December 1 acrual, and bond redemption Financial statements are prepared annually on December 31. (LO 2, 3,6) Instructions (a) Prepare the journal entry to record the issuance of the bonds. (b) Prepare the adjusting entry to record the accrual of interest on December 31, 2014 (c) Show the balance sheet presentation on December 31, 2014 (d) Prepare the journal entry to record payment of interest on June 1, 2015, assuming no (d) Int. exp. $75,000 accrual of interest from January 1, 2015, to June 1, 2015