On January 3, 2011, Bubba Gump Shrimp Co. issued $100,000 of 5%, 10 year bonds. The bonds will mature in ten years. The bonds were sold for 95 percent of par and will pay interest semi-annually, or twice a year, on June 30 and Dec 31. Record the journal entries to record the issuance of the bonds and the interest payments to be made for the year 2011. Explanations are not required.
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