Reliable Limited issued $800,000 of 3-percent, 10-year bonds payable on October 1, 2014, at par value. Reliable's

Question:

Reliable Limited issued $800,000 of 3-percent, 10-year bonds payable on October 1, 2014, at par value. Reliable's accounting year ends on December 31. Journalize the following transactions. Include an explanation for each entry.
a. Issuance of the bonds on October 1, 2014.
b. Accrual of interest expense on December 31, 2014.
c. Payment of the first semiannual interest amount on April 1, 2015.