Question: Jigar Tech, Inc., is authorized to issue $1,800,000 in bonds on June 1. The bonds carry a face interest rate of 9 percent, which is

Jigar Tech, Inc., is authorized to issue $1,800,000 in bonds on June 1. The bonds carry a face interest rate of 9 percent, which is to be paid on June 1 and December 1. Prepare entries in journal form for the issue of the bonds by Jigar Tech, Inc., under the assumptions that

(a) The bonds are issued on September 1 at 100 and

(b) The bonds are issued on June 1 at 105.

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