On January 1, 2012, Henderson 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. Prepare the journal entries to record the issuance of the bonds and the first semiannual interest payment. Henderson uses the straight-line method to amortize bond premium or discount.

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The Answer of On January 1, 2012, Henderson 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. Prepare the journal entries to record the issuance of the bonds and the first semiannual interest payment. Henderson uses the straight-line method to amortize bond premium or discount.

On January 1, 2012, Henderson Company Issued 8%, 20-Year Bonds