12/17/2019 Part V. (20 points) 1. Johanna Corporation issued $300,000 of 8%, 2-year bonds payable at par value on January 1 Year 1. Interest is payable each June 30 and December 31. Prepare the general journal entry to record a) The issuance of the bonds on January 1, Year I. b) The first interest payment on June 30, Year 1. c) The retirement of the bonds on January 1, Year 3. Jan. 1 YI Jun. 30 YI Jan. 1 Y3 2. Johanna Corporation issued $300,000 of 8%, 2-year bonds payable for $280,000 on January 1, Year 1. Interest is payable each June 30 and December 31. Prepare the general journal entry to record: a) The issuance of the bonds on January 1, Year 1. b) The first interest payment and amortization of discount on bonds payable on June 30, Year 1 The straight line method is used. Jan. 1 YI Jun. 30 YI