Prepare the journal entry to record each bond transaction at the date of issuance?

Halloway Company has issued three different bonds during 2011. Interest is payable semiannually on each of these bonds.


On January 1, 2011, 1,000, 8%, 5-year, $1,000 bonds dated January 1, 2011, were issued at face value.


On July 1, $800,000, 9%, 5-year bonds dated July 1, 2011, were issued at 102.


On September 1, $200,000, 7%, 5-year bonds dated September 1, 2011, were issued at 98.|||Jan 1:


DR Cash 1,000,000


CR Bonds Payable 1,000,000





Jul 1:


DR Cash 816,000


CR Bonds Payable 800,000


CR Premium on Bonds Payable 16,000





Sep 1:


DR Cash 196,000


DR Discount on Bonds Payable 4,000


CR Bonds Payable 200,000