On May 1 of the Current Year,a Company Paid $200,000

On May 1 of the current year,a company paid $200,000 to purchase 7%,10-year bonds with a par value of $200,000;interest is paid semiannually on May 1 and November 1.The company intends to hold the bonds until they mature.Prepare the journal entries to record (1)the bond purchase, (2)the receipt of the first semiannual interest payment on September 1 of the current year, (3)the accrual of interest for year-end December 31,and (4)the receipt of the second semiannual payment on May 1.