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:
Demand Requirements
The specific needs or conditions that must be met for a particular goal, service, or product to be successful in the marketplace.
In-House Skills
Competencies and expertise that exist within an organization's current workforce.
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