0 Chapter 11 Homework eBook Calculator Bond discount, entries for bonds payable transactions, interest method of amortizi Instructions Chart of Accounts Journal Final Question Instructions Journal How does grading wor On July 1, Year 1, Danzer Industries Inc. issued $47,500,000 of 10-year, 11% bonds at a market (effective) interest rate of 13%, receiving cash of $42,266,357. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. DATE Jun 30 1 Die 2 Cas 3 > Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds. 2. Journalize the entries to record the following