On January 1, Laramie Company issued ($ 90,000,10 %, 10)-year bonds at face value. Interest is payable

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On January 1, Laramie Company issued $\$ 90,000,10 \%, 10$-year bonds at face value. Interest is payable semiannually on July 1 and January 1. Interest is not accrued on June 30.

\section*{Instructions}

Present journal entries to record:

(a) The issuance of the bonds.

(b) The payment of interest on July 1.

(c) The accrual of interest on December 31.

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