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The redemption of bonds at maturity assuming interest for

1. Jaurez Company issued $400,000 of 9%, 10-year bonds on January 1, 2010, at face value. Interest is payable semiannually on July 1 and January 1.

Instructions

Prepare the journal entries to record the following events.

(a) The issuance of the bonds.

(b) The payment of interest on July 1, assuming no previous accrual of interest.

(d) The redemption of bonds at maturity, assuming interest for the last interest period has been paid and recorded.

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Accounting Basics: The redemption of bonds at maturity assuming interest for

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