On September $1$st$,$ Year $1,$ Dexter's Drive$-$In issues a bond with a

$$80,000$ face value and a $12\%$ stated interest rate. The bond will

pay every four months for two years, ending on September $1$st$,$

Year $3.$ The market interest rate is $9\%.$

What is the journal entry made by Dexter's Drive$-$In to record the

issuance of the bond on September $1$st$,$ Year $1?$ Some of the

amounts have been filled out to help you. Round your final answers

to the nearest one decimal place.

Dr$.$

Cr$.$

What is the journal entry made by Dexter's Drive$-$In to record the

repayment of the principal on September $1$st$,$ Year $3?$

Dr$.$

Cr$.$