zation. BE16-2 Keystone Corporation issued one thousand 9%, five-year, $1,000 bonds dated March 1, Prepare entries for bonds issued at 2003, at 100. (a) Prepare the journal entry to record the sale of these bonds on March 1. (b) Prepare face value. the journal entry to record the first interest payment on September 1, 2003, if interest is payable (S02) AP semi-annually. Assume no previous accrual of interest. (c) Prepare the adjusting journal entry on December 31, 2003, Keystone's year end, to record interest expense. BE16-3 Repeat the requirements of BE16-2, assuming (a) the bonds were issued at 98, rather than 100, Prepare entries for bonds, using and (b) the bonds were issued at 102, rather than 100. The straight-line method of amortization is used. straight-line method of amorti- BE16-4 Dominic Company issues $2,000,000 of ten-year 9% bonds at 96, with interest payable on (502) AP July 1 and January 1. The straight-line method of amortization is used. (a) Prepare the journal entry Prepare entries for bonds, using to record the sale of these bonds on January 1, 2003. (b) Prepare the journal entry to record interest straight-line method of amorti- expense and amortization on July 1, 2003. Assume no previous accrual of interest. (SO 2) AP BE16-5 Hebert Inc. issues $3,000,000 of five-year 10% bonds at 103, with interest payable on July Prepare entries for bonds, using 1 and January 1. The straight-line method of amortization is used. (a) Prepare the journal entry to straight-line method of amorti- record the sale of these bonds on January 1, 2003. (b) Prepare the journal entry to record interest (SO 2) AP expense and amortization on July 1, 2003. Assume no previous accrual of interest. zation. zation