$4.($L$.$O$.1$ and $2)$ The following transactions are taken from the records of the Elton

Corporation.

a$.$ Bonds payable with a par value of $$800,000,$ carrying a stated interest rate of $9\%$

payable semiannually on March $1$ and September $1,$ were issued on June $1,2020,$ at

$102\mathrm{.}5$ plus accrued interest. The bonds are dated March $1,2020$ and mature on March

$1,2030.$

b$.$ September $1$ interest payment is made. $($Bond premium amortization is recorded only

at year end.$)$

c$.$ Year$-$end $($December $31)$ accrued interest on bonds payable is recorded and the bond

premium is amortized using the straight$-$line method.

d$.$ March $1$ interest payment is made.

e$.$ Bonds with a par value of $$350,000$ are purchased at $101$ plus accrued interest on

August $1,20121,$ and retired. $($Bond premium amortization is recorded only at year

end.$)$

f$.$ September $1$ interest payment is made.

g$.$ Year$-$end $($December $31)$ accrued interest on bonds payable is recorded and the bond

premium is amortized using the straight$-$line method.

Instructions:

Prepare journal entries for the transactions noted above.