Q$1)$ Strong$-$Life Electronics issued TL $400\mathrm{.}0006\%,10-$year bonds at par on $1$ September $20$X$1.$ The inter$-$

est on the bonds is payable semiannually, on $1$ May and $1$ November.

Required:

Prepare the journal entries to record the issuance of the bonds, the payment of interest on $1$ November

$20x1$ and $1$ May $20x2.$

Q$2)$ Giselle Arts Company has bonds payable of TL $800\mathrm{.}000$ issued at par $10\%,$ which are callable at $103.$

The company retired TL $500\mathrm{.}000$ of bonds at $2$ May $20x8($immediately after the $5^{th}$ interest payment$).$

Required:

Prepare the journal entry$($ies$)$ on $2$ May $20x8.$