Seacoast Realty issued ($325,000) of 9%, 10-year bonds payable at par value on May 1, 2010, four

Question:

Seacoast Realty issued $$325,000$ of 9%, 10-year bonds payable at par value on May 1, 2010, four months after the bond’s original issue date of January 1, 2010.
Requirements
1. Journalize issuance of the bonds payable on May 1, 2010.
2. Journalize the payment of the first semiannual interest amount on July 1, 2010.

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