McDonald Sales prepared a bond issue of $20,000 dated January 1, 2013. The bonds have a stated rate of 3% and a term of 6 years. The bond issue was delayed, and the bonds were finally sold on March 1, 2013 at par. On June 30, 2013, the first semiannual interest payment is made. Please provide the journal entry for that payment transaction.
Definitions:
Chorionic Villi
Microscopic, finger-like projections that emerge from the chorion to provide nutrient transfer from maternal blood to the fetus.
Amniotic Cavity
The fluid-filled space between the embryo or fetus and the amniotic sac, providing protection and facilitating movement.
Gastrulation
A phase early in the embryonic development of most animals, during which the single-layered blastula is reorganized into a multilayered structure known as the gastrula.
Germ Layers
The three primary layers of cells (ectoderm, mesoderm, and endoderm) in the early embryo that give rise to all organs and tissues in the body.
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