Question: Exercise 14-12 (Algo) Bonds; straight-line method; adjusting entry [LO14-2] On March 1, 2024, Tanaka Lighting issued 12% bonds, dated March 1, with a face amount

Exercise 14-12 (Algo) Bonds; straight-line method; adjusting entry [LO14-2] On March 1, 2024, Tanaka Lighting issued 12\% bonds, dated March 1, with a face amount of $450,000 - The bonds sold for $441,000 and mature on February 28, 2044 (20 years). - Interest is paid semlannually on August 31 and February 28 - Tanaka uses the straight-line method and its fiscal year ends December 31. Required: 1. to 4. Prepare the journal entries to record the issuance of the bonds by Tanaka Lighting on March 1, 2024, interest on August 31, 2024 , accrued interest on December 31,2024 and interest on February 28, 2025 Note: Do not round intermediate calculations. If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid

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