On January 1, 2012, Tata Corporation issued $4,000,000, 9%, 5-year bonds at 96. The bonds pay semiannual interest on January 1 and July 1. Tata uses the straight-line method of amortization and has a calendar year end. Prepare all the journal entries that Tata Corporation would make related to this bond issue through January 1, 2013.

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The Answer of On January 1, 2012, Tata Corporation issued $4,000,000, 9%, 5-year bonds at 96. The bonds pay semiannual interest on January 1 and July 1. Tata uses the straight-line method of amortization and has a calendar year end. Prepare all the journal entries that Tata Corporation would make related to this bond issue through January 1, 2013.

On January 1, 2012, Tata Corporation Issued $4,000,000, 9%, 5-Year