Bond Sold Between Interest Payment Dates, Sold at Premium. Teter Company issued $ 700,000 par value, five- year, 3% bonds on November 30, 2016. The bonds are dated July 1, 2016, and pay interest semiannually on June 30 and December 31. The bonds are sold at $ 723,807, including accrued interest, because the bonds are sold between interest dates. The market rate of interest on the date of sale was 2.5%. Prepare the journal entries required to issue the bonds on November 30, 2016, and record the first interest payment on December 31, 2016.