On January 1, 2017, Brussels Enterprises issues bonds at par dated January 1, 2017, that have a

Question:

On January 1, 2017, Brussels Enterprises issues bonds at par dated January 1, 2017, that have a $3,400,000 par value, mature in 4 years, and pay 9% interest semiannually on June 30 and December 31.
1. Record the entry for the issuance of bonds for cash on January 1, 2017.
2. Record the entry for the first semiannual interest payment on June 30, 2017.
3. Record the entry for the second semiannual interest payment on December 31, 2017.
4. Record the entry for the of the bonds on December 31, 2020 (assume semiannual interest is already recorded).
Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...