(Solution) - On January 31 2014 Triumph Sports Cars issued 10 year 6 -(2025 Original AI-Free Solution)

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On January 31, 2014, Triumph Sports Cars issued 10-year, 6% bonds with a face value of $100,000. The bonds were issued at 97 and pay interest on January 31 and July 31. Triumph amortizes bonds by the straight-line method. Record
(a) Issuance of the bonds on January 31,
(b) The semi-annual interest payment and discount amortization on July 31,
(c) The interest accrual and discount amortization on December 31.