Brussels Enterprises issues bonds at par dated January 1, 2021, that have a $3,600,000 par value, mature in four years, and pay 7% interest semiannually on June 30 and December 31.

1. Record the entry for the issuance of bonds for cash on January 1.
2. Record the entry for the first semiannual interest payment and the second semiannual interest payment.
3. Record the entry for the maturity of the bonds on December 31, 2024 (assume semiannual interest is already recorded).

Journal entry worksheet

• Record the issuance of bonds for cash on January 1.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
January 01

• Record the cash paid for the first semiannual interest payment on June 30.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
June 30

Record the cash paid for the second semiannual interest payment on December 31.

Note: Enter debits before credits.

• Record the cash paid for the second semiannual interest payment on December 31.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31