Question 7 [8 points] On July 1, 2014 Weber Inc. issued at par a $820,000, 8%, two year bond. Interest is to be paid quarterly beginning September 30, 2014. a. Record the issuance of the bond on July 1, 2014. b. Record the payment of interest on September 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 (1.e., January 15 would be 15/Jan). General Journal Page GJ3 Date Account/Explanation Debit Credit Choose an Account or Heading Categories: Accounts and Headings: All Accounts Payable Assets Accounts Receivable Liabilities Accumulated Amortization, Copyright Equity Accumulated Amortization, Patents Equity Accumulated Amortization, Trademark Revenues Accumulated Depreciation, Automobiles Expenses Accumulated Depreciation, Boats Other Accumulated Depreciation, Building Accumulated Depreciation, Equipment Accumulated Depreciation, Furniture Accumulated Depreciation, Land Improvements Accumulated Depreciation, Machinery Accumulated Depreciation, Trucks Advertising Expense Advertising Payable Allowance for Doubtful Accounts Amortization Expense, Copyright Amortization Expense, Patents Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Amortization Expense, Patents Assets Automobiles Liabilities Bad Debts Expense Equity Benefits Expense Equity Boats Revenues Bonds Payable Expenses Building Other CPP Expense CPP Payable Cash Commissions Earned Consulting Revenue Earned Copyright Cost Of Goods Sold Current Portion of Mortgage Payable Delivery Expense Depreciation Expense, Automobiles Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Depreciation Expense, Boats Assets Depreciation Expense, Building Liabilities Depreciation Expense, Equipment Equity Depreciation Expense, Furniture Equity Depreciation Expense, Land Improvements Revenues Depreciation Expense, Machinery Expenses Depreciation Expense, Trucks Other Depreciation expense Discount on Bonds Payable Dividends El Expense Employee Income Taxes Payable Employee Medical Insurance Payable Employee Union Dues Payable Employment Insurance Payable Equipment Estimated Vacation Pay Liability Estimated Warranty Liability Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Estimated Warranty Liability Assets Furniture Liabilities GST Payable Equity Gain on Retirement of Bonds Equity HST Payable Revenues Income Summary Expenses Income Taxes Expense Other Income Taxes Payable Insurance Expense Interest Earned Interest Expense Interest Payable Interest Receivable Investment in Bonds Land Land Improvements Long-Term Notes Payable Long-term Investment in Shares Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Long-term investment il Shares Assets Loss on Retirement of Bonds Liabilities Machinery Equity Merchandise Inventory Equity Mortgage Payable Revenues Notes Receivable Expenses Office Salaries Expense Other Office Supplies Expense PST Payable Patents Premium on Bonds Payable Prepaid Advertising Prepaid Insurance Prepaid Interest Prepaid Rent Property Taxes Expense Property Taxes Payable Rent Earned Search: Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Rent Earned Assets Rent Expense Liabilities Rent Payable Equity Rent Receivable Equity Rent expense, office space Revenues Rent expense, selling space Expenses Retained Earnings Other Salaries Expense Salaries Payable Sales Sales Discounts Sales Returns and Allowances Sales Salaries Expense Share Capital Short-Term Notes Payable Store Supplies Expense Supplies Supplies Expense Search: Erase Cancel Choose an Account or Heading tegories: Accounts and Headings: : Salaries Expense sets Salaries Payable abilities Sales quity Sales Discounts Equity Sales Returns and Allowances Revenues Sales Salaries Expense Expenses Share Capital Other Short-Term Notes Payable Store Supplies Expense Supplies Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent Unearned Revenue Utilities Expense Warranty Expense Search: Erase Cancel