Xonic Corporation issued $7,600,000 of 20-year, 8 percent bonds on April 1, 2015, at 102. Interest is due on March 31 and September 30 of each year, and all of the bonds in the issue mature on March 31, 2035. Swanson's fiscal year ends on December 31.
a-c.
Record the issuance of the bonds and entries to be passed post the issue.