15 1) journalize liability transactions a) Issued $700,000 of 10 year, 9% bonds at $672,000 b) Accrued two months interest on the above note c) Paid semi-annual interest on the bonds and amortized bond premium/discount using the straight line method Issued $3,000,000 of 20 year, 8 % bonds at $3,030,000 e) Paid semi-annual interest on the bonds and amortized bond premium/discount using the straight line method e) Paid semi-annual interest on the bonds and amortized bond premium/discount using the straight line method