On January 1, a company issues bonds dated January 1 with a…

On January 1, a company issues bonds dated January 1 with a par value of $220,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $228,930. The journal entry to record the first interest payment using straight-line amortization is: [3 points]Note: Rounded to the nearest dollar.

Prior to June 30, a company has never had any treasury stock…

Prior to June 30, a company has never had any treasury stock transactions. The company repurchased 105 shares of its $1 par common stock on June 30 for $42 per share. On July 20, it reissued 60 of these shares at $48 per share. On August 1, it reissued 25 of the shares at $40 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20? [3 points]