Question 1 [8 points]

On September 1, 2014 Bentley Inc. issued at par a $400,000, 9%, four year bond. Interest is to be paid quarterly beginning November 30, 2014.

1. Record the issuance of the bond on September 1, 2014.
2. Record the payment of interest on November 30, 2014.

Question 1 [8 points] On September 1, 2014 Bentley Inc. issued at par a $400,000, 9%, four year bond. Interest is to be paid quarterly beginning November 30, 2014. a. Record the issuance of the bond on September 1, 2014. b. Record the payment of interest on November 30, 2014. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). General Journal Page GJ3 Date Account/Explanation F Debit Credit + - +