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Company B issued $100,000 worth of bonds at 100 dated March 1, 20x2 on March...

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Accounting

Company B issued $100,000 worth of bonds at 100 dated March 1, 20x2 on March 1, 20x2. The bonds, which have an 8% interest rate, will mature on February 28, 20x7. Interest will be paid semiannually on August 31 and February 28. The company's fiscal year ends on December 31.

Required: Record all journal entries required from 3/1/x2 through 8/31/x4 and on 2/28/x7.

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