Question $3,$ EF$14-24($book$/$static$)$

Part $1$ of $7$

HW Score: $21\mathrm{.}36\%,6\mathrm{.}62$ of $31$

points

Points: $0$ of $3$

Anderson Company issued $$70,000$ of $10-$year, $9\%$ bonds payable on January $1,2024.$ Anderson Company pays interest each January $1$ and July $1$ and amortizes discount or premium by the straight$-$line amortization method. The company can issue its bonds payable under various conditions.

Read the requirements.

Requirement $1.$ Journalize Anderson Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at face value. Explanations are not required. $($Record debits first, then credits. Exclude explanations from any journal entries.$)$

Journalize the issuance of the bond payable at face value.