On January 1, 2017, 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.

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The Answer of On January 1, 2017, 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.

On January 1, 2017, Las Vegas Company Issued 8%, 20-Year