Question: E 14-12 Bonds; straight-line method; adjusting entry LO14-2 On March 1. 2024, Tanaka Lighting issued 14% bonds, dated March 1, with a fice amount of

E 14-12 Bonds; straight-line method; adjusting entry LO14-2 On March 1. 2024, Tanaka Lighting issued 14% bonds, dated March 1, with a fice amount of $300,000 - The bonds sold for $294,000 and mature on February 28, 2044 (20 years). - Interest is paid semiannually on Augast 31 and February 28 . - Tanaka uses the straight-line method and its fiscal year ends December 31. Required: 1. Prepare the journal entry to record the issuance of the bonds by Tanaka Lighting on Mareh 1 , 2024 . 2. Prepare the journal entry to record interest on August 31, 2024. 3. Prepare the journal eatry to accrue interest on December 31,2024. 4. Prepare the journal entry to record interest on February 28,2025

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