On July 1 of the current year, a company issued bonds dated July 1 with a par value of $200,000. The bonds mature in 10 years. The contract rate of interest is 8%, and interest is paid semiannually on December 31 and June 30. The bonds are sold for $209,200. The company uses the straight-line method of amortization. Required:
a. Prepare the journal entry to record issuance of the bonds on July 1 of the current year.
b. Prepare the journal entry to record the first interest payment on December 31 of the current year.

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?