Xonic Corporation issued $7.5 million of 20-year, 8 percent bonds on April 1, 2018, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2038. Xonics fiscal year ends on December 31.

1. Record journal entry for March 31, 2038.

2. List Interest Payable and Premium on Bonds Payable.