A company issues 7%, four-year bonds, on January 1 of this year, with a par value of $96.000 and semiannual interest payments. The bonds were issued for $89,347 Using straight-line amortization, prepare journal entries for the following (a) The issuance of bonds on January 1 (b) The first interest payment on June 30. (c) The second interest payment on December 31. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (C) The second interest payment on December 31. View transaction list 1 Record the issuance of the bonds on January 1. 2 Record the first interest payment on June 30. 3 3 Record the second interest payment on December 31. credit Note : = journal entry has been entered Record entry Clear entry View general journal Journal entry worksheet 1 2 3 Record the issuance of the bonds on January 1. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal