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Xonic Corporation issued $9.0 million of 20-year, 8 percent bonds on April 1, 2018, at...

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Accounting

Xonic Corporation issued $9.0 million of 20-year, 8 percent bonds on April 1, 2018, 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, 2038. Xonics fiscal year ends on December 31.

a-c. Record the issuance of the bonds and entries after the issue. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars.)

Record the following on a General Ledger

April 1, 2018: Record the issuance of bonds

September 20, 2018: Record the bonds interest and amortize bond premium

March 30, 2038: Record the final interest payment and amortize bond premium.

March 30, 2038: Record the retirement of the bonds.

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