Sundland Company issued $ of year bonds on January at face valuc. Interest is payable annually on January
a Prepare the journal entry to record the issuance of the bonds.
b Prepare the journal entry to record the accrual of interest on December
c Prepare the journal entry to record the payment of interest on January
d Prepare the journal entry to record the redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded.
Blossom Company issued bonds with a face amount of $ in As of January the balance in Discount on Bonds Payable is $ At that time, Blossom redeemed the bonds at
Assuming that no interest is payable, make the entry to record the redemption.
