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Give all necessary journal entries for Moxy

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Question - Moxy's Restaurant Supplies Ltd. issued $1,800,000, 7%, 10-year bonds on January 1, 2021. Interest is payable semi-annually on July 1 and January 1. Moxy's year-end is December 31. Assume the market rate for similar bonds is 8%. (Use the following present value factors: present value of $1 = 0.45639; present value of annuity = 13.59033)

Instructions - Give all necessary journal entries (rounding to the nearest dollar) for Moxy's on the following dates:

a) January 1, 2021.

b) July 1, 2021.

c) December 31, 2021.

d) January 1, 2022.

Reference no: EM132573979

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