ACCT 2101:21780-Principles of Accounting I My subscriptions My courses ACCT210121780 Principles of Accounting I Chapter 10 I Homework 10 CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 2 partially correct Mark 22.00 out of 24.00 F Flag question Bonds Payable Journal Entries; Effective Interest Amortization on December 31, 2014, Blair Company issued s600.000 of 20-year, 11 percent bonds payable for s480,015, yielding an effective interest rate of 14 percent. Interest is payable semiannually on June 30 and December 31. prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest Round amounts to the nearest dollar. General Journal Credit Debit Description Date s 480,015 s Dec. 31 Cash Discount on Bonds Payable c 119.985 600,000 Bonds Payable To record issuance of bonds