1. On June 1 2008 Logsdon Corp. issued $1500000 8% 5-yearbonds at face value. Th

1. On June 1 2008 Logsdon Corp. issued $1500000 8% 5-yearbonds at face value. The bonds were dated June 1 2008 and payinterest semiannually on June 1 and December 1. Financialstatements are prepared annually on December 31.Instructionsa) Prepare the journal entry to record the issuance of thebonds.b) Prepare the adjusting entry to record the accrual of interest onDecember 31 2008.c) Show the balance sheet presentation on December 41 2008.d) Prepare the journal entry to record payment of interest on June1 2009 assuming no accrual of interest from January 1 2009 toJune 1 2009.e) Prepare the journal entry to record payment of interest onDecember 1 2009.f) Assume that on December 1 2009 Logsdon calls the bonds at 102.Record the redemption of the bonds.