Simpson Corporation issued $275,000 of 4%, 10-year bonds at 96 on February 1, 202X, with semiannual interest

Question:

Simpson Corporation issued $275,000 of 4%, 10-year bonds at 96 on February 1, 202X, with semiannual interest payable on February 1 and August 1. Amortization of discount is by the straight-line method. Record the journal entries for the following:
a. Issuance of bonds.
b. Semiannual interest payment on August 1 and amortization of discount.
c. Retirement of bonds at maturity.

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