Journalize the entries to record the following:
issuance of the bonds.

first semiannual interest payment. the bond discount amortization is combined with the semiannual interest payment. (round your answer to the nearest dollar.)
second semiannual interest payment. the bond discount amortization is combined with the semiannual interest payment. (round your answer to the nearest dollar.)
for a compound transaction, if an amount box does not require an entry, leave it blank. round your answers to the nearest dollar.

1. cash
discount on bonds payable
bonds payable
2. interest expense
discount on bonds payable
cash
3. interest expense
discount on bonds payable
cash

During march, the business engaged in the following transactions: a. borrowed $45,000 from the bank and signed a note payable in the name of the business. b. paid cash of $40,000 to acquire land. c. performed service for a customer and received cash of $5,000. d. purchased supplies on account, $300. e. performed customer service and earned revenue on account, $2,600. f. paid $1,200 on account. g. paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. h. received $3,100 on account. i. received a $200 utility bill that will be paid next week. j. paid cash dividends of $1,800. required: 1.) prepare journal entries for each transaction. enter journal entries by the transaction letter. 2.) prepare the trial balance of my motors, inc. at march 31, 20xx. 3.) prepare financial statements for my motors, inc. for the period ending march 31, 20xx. (income statement and balance sheet)