Accounting for long term liabilities 5

Required information [The following information opplies to the questions displayed below.] Legacy issues $670,000 of 6.0%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at $624,896 when the market rate is 8%. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and amortization on June 30. Note: Enber debits before erediat. Required information [The following information opplies to the questions displayed below.] Legacy issues $670,000 of 6.0%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 . They are issued at $624,896 when the market rate is 8%. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and amortization on December 31. Notet Enter debits before credits