The Goofy Company issued $200,000 of 10% bonds on January 1, 2009. The bonds are due January

Question:

The Goofy Company issued $200,000 of 10% bonds on January 1, 2009. The bonds are due January 1, 2009, with interest payable each July 1 and January 1. The bonds are issued at face value. Prepare Goofy’s journal entries for
(a) The January issuance,
(b) The July 1 interest payment, and
(c) The December 31 adjusting entry.