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E15.15 Synergy Corporation is authorized to issue $1,200,000 of 8% bonds. Interest on the bonds...

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Accounting

E15.15 Synergy Corporation is authorized to issue $1,200,000 of 8% bonds. Interest on the bonds is payable semiannually; the bonds are dated January 1, 2016, and are due December 31, 2021.

Required: Prepare the journal entries to record the following: a. January 1, 2016 Sold the bonds at par b. June 30, 2016 First interest payment c. December 31, 2016 Second interest payment

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