29Em Simko Company Issued $620,000, 10-year, 5 percent bonds on January 1, 2018. The bonds were issued for $590.000. Interest is payable annually on December 31. Using stralght-line amortization, prepare journal entries to record (a) the bond Issuance on January 1. 2018. and (b) the payment of Interest on December 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction lat points 023223 Journal entry worksheet Record the issuance of bonds with a face value of $620,000 for $590,000. Note: Enter debits before credits. General Journal January 01, 2018 Record entry Clear entry Mew general journal Simko Company issued $620,000, 10-year, 5 percent bonds on January 1, 2018. The bonds were Issued for $590,000. Interest Is payable annually on December 31. Using stralght-ine amortization, prepare journal entries to record (a) the bond Issuance on January 1. 2018, and (b) the payment of interest on December 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Requlred" In the first account field.) View tranaaction lat Journal entry worksheet Record the interest payment on December 31, 2018 Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry Mew general Journal