Samuel's, Inc. sold $15,000 of 3% bonds to an individual on April 1 at par value. The bonds pay interest on June 30 and December 31 each year. What are the proper entries for the sale of the bonds and the June 30 payment of the interest for these bonds? (Do not round intermediary calculations. Only round your final answer to the nearest dollar.)

Account Debit Credit

April 1	Cash	15,113
	Interest Payable		113
	Bonds Payable		15,000

Account Debit Credit

June 30	Interest Expense	113
	Interest Payable	113
	Cash		226

Account Debit Credit

April 1	Cash	15,000
	Bonds Payable		15,000

Account Debit Credit

June 30	Interest Expense	22,500
	Cash		22,500

Account Debit Credit

April 1	Cash	15,150
	Interest Payable		150
	Bonds Payable		15,000

Account Debit Credit

June 30	Interest Payable	150
	Interest Expense	22,350
	Cash		22,500

Account Debit Credit

April 1	Cash	22,613
	Interest Payable		22,500
	Bonds Payable		113

Account Debit Credit

June 30	Interest Expense	22,500
	Interest Payable		22,500

Answer rating: 100% (QA)

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