Palmer Corporation Issued 3,000 7%, 5-year, $1,000 Bonds Dated January 1, 2012, At Face Value. Interest Is Pai?

Palmer Corporation issued 3,000 7%, 5-year, $1,000 bonds dated January 1, 2012, at face value. Interest is paid each January 1.
a) Prepare the journal entry to record the sale of these bonds on January 1,
Jan. 1
Date Account Titles and Explanation Debit Credit
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(b) Prepare the adjusting journal entry on December 31, 2012, to record interest expense.
Dec. 31
Date Account Titles and Explanation Debit Credit
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(c) Prepare the journal entry on January 1, 2013, to record interest paid.
Jan. 1
Date Account Titles and Explanation Debit Credit
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