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1. Romero issues 53,400,000 of 10%, 10 year bonds dated January 1, 2019, that payer semiannually on June 30 and December 31. The bonds are

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1. Romero issues 53,400,000 of 10%, 10 year bonds dated January 1, 2019, that payer semiannually on June 30 and December 31. The bonds are issued at a price of 53010000 Required: 1. Prepare the January 1 journal entry to record the issuance of the band 2. Prepare the journal entries to record the first two interest payments

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