2. Coney Island Entertainment issues $1,300,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. If the market interest rate is 9%, the bonds will issue at $544,795. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (a) Principal Cash payment PV. factor Total (b) Date Cash paid Interest expense Bond payable Carrying value (c) Record the general journal (include the date)