Amortization of bond discount LO P2

[The following information applies to the questions displayed below.]

Legacy issues $700,000 of 7.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $643,419 when the market rate is 10%.

Problem 10-4A (Algo) Part 4

4. Prepare the journal entries to record the first two interest payments.

Required information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information apples to the questions displayed below] Legacy issues $700,000 of 75%, four year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $643,419 when the market rate is 10%. Problem 10-4A (Algo) Part 4 4. Prepare the journal entries to record the first two interest payments Journal entry worksheet 2 Pecord the interest payment and amortication on Jue 20