Journalize the following transactions. Do not include descriptions. Mar. 1 Issued $10,000 of 2 year...
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Journalize the following transactions. Do not include descriptions. Mar. 1 Issued $10,000 of 2 year bonds, 2% interest receiving cash of $9500. The bond pays interest rate semiannually. The market rate is 3%. Sep. 1 Journalize the first interest payment. Apr. 1 Issued $5,000 of 5 year bonds, 4% interest receiving cash of $5600. The bond pays interest semiannually. The market rate is 3%. Oct. 1 Journalize the first interest payment.
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