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On October 1, 2018 Bartley Corporation issued 5%, 10-year bonds with a face value of...

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Accounting

On October 1, 2018 Bartley Corporation issued 5%, 10-year bonds with a face value of $8,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. Prepare journal entries for each of the following:

  1. Issue bond on October 1, 2018
  2. Accrue interest on December 31, 2018
  3. Pay interest on April 1, 2019
  4. Pay interest on October 1, 2019

Place your final response (journal entries) first; then show your work and label your numbers.

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