Accounting for long term liabilities 12

Required information [The following information applies to the questions displayed below.] Ike issues $140,000 of 9%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $143,667 when the market rate is 8%. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the second interest payment on December 31. Note: Enter debits before credits