0 Question Answer saved Marked out of 18.00 Print Prag question Yale Corporation issued to Zap Corporation 560,000,8% (cash interest payable semiannualy on June 30 and December 31) 10 year bonds dated and sold on January 1. Assume that the company uses the effective interest amortization method and bond issuance costs are $1,500. If the bonds were sold to yield provide journal entries to be made at each of the follor a. Januar Cash b, June 3 Inventory Note: Equipment Land Deferred Revenge Date Bonds Payable Dr. Cr. ajan. 1 Discount on Bonds Payable 0 Discount and Debtsuance Costa 0 0 Premium on Bonds Payable 0 Fair Value Adjustment-Bonds Payable June 34 Note Payable Discount on Note Payable Premium on Not Payable Fair Value Adjustment-Note Payable Interest Payable Common Stock Paid-in Capital in tess of Per-Common Stock Next Pre Paid in Capital - Stock Warrants Retained Earnings Prior Period Adjustment Debt Conversion Experte insterest Expense Los on Redemption of Bands Gain on Redemption of Bonds wired Of Losincome ED Urared Ganar Loss-OC DOO O Prin Question 7 Answer saved Marted out of 100 PF question Yale Corporation issued to Zap Corporation $60,000, 84 (cash interest payable semiannually on June 30 and December 311 10ynar bonds dated and sold on january 1 tunnu that the company uses the effective Interest amortization method and bond issuance costs are $1,500. If the bonds were sold to yedek, provide journal entries to be made at each of the following dates. a January 1, for issuance of bonds b. June 30, for the first interest payment. Note: Round your answer to the nearest whole dollari Account Name Dr. CF Date aan 1 0 0 0 0 0 0 > > > > > > To record bondissuance 0 0 June 30 0 0 0 To recordamot Next