Bond Sold Between Interest Payment Dates, Sold at Par. Takedo Company issued $ 600,000 par value, 10- year, 5% bonds on February 1, 2016. The bonds are dated January 1, 2016, and pay interest quarterly each March 31, June 30, September 30, and December 31. The bonds are sold at par plus accrued interest because the bonds are sold between interest dates. Prepare the journal entries required to issue the bonds on­February 1, 2016, and record the first interest payment on March 31.