Use the information in RE14-6, except assume that Temple issues its bonds on March 1 at par, plus…

Use the information in RE14-6, except assume that Temple issues its bonds on March 1 at par, plus accrued interest. Prepare the journal entries to record the issuance of the bonds (adjust interest expense for the accrued interest) and the first semiannual interest payment. In RE14-6 Temple Company issues $500,000 of 9% bonds at 103. These bonds pay interest on June 30 and December 31.

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