1 Requirement 1. Record (a) the issuance of the bonds on January 31, 2018, (b) the semiannual interest payment and amortization of the bond discount on July 31, 2018, and (c) the interest accrual and discount amortization on December 31, 2018 On January 31, 2018, Bounty Logistics, Inc., issued five-year, 10% bonds payable with a face value of $12,000,000. The bonds were issued at 96 and pay interest on January 31 and July 31. Bounty Logistics amortizes bond discounts using the straight-line method. Read the caquiremen a. Record the issuance of the bond payable on January 31, 2018. (Record debits first, then credits. Exclude explanations from any journal entries.) ot Journal Entry Accounts ne Date Debit Credit Jan 31 ts