On January 1,2019,Las Vegas Company issued 8%,20-year bonds with a face amount of $3,000,000 at 101.Interest is payable semiannually on June 30 and December 31.Las Vegas Company uses the straight-line method to amortize bond premium or discount.The company's fiscal year ends December 31.
Required:
Prepare the journal entries to record the issuance of the bonds and the first semiannual interest payment.Omit explanations.
Correct Answer:
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