Debt Issued at Face Value}

On December 31, 2018, Brock \& Co. issued \(\$ 800,000\) of bonds payable at face value. The bonds have a \(7 \%\) stated rate, pay interest on June 30 and December 31, and mature on December 31, 2019 .

Required:

Prepare the journal entry to record the interest payment on June 30,2019 .

Cornerstone Exercise