The Sandhill company issued $410,000 of 12% bonds on January 1, 2017. The bonds are due January 1, 2022 with interest payable each July 1 and January 1. The bonds are issued at face value.
Prepare Sandhill's Journal entries for a the January issurance, (b) the July 1 interest payment, and (c) the December 31 adjustable entry.
Prepare Sandhill's Journal entries for (a) the January Issuance, (b) the July 1 interest payment, and (c) the December 31 adjusted entry.