B C $50,000 face valu D On January 1, 2015, Ibtesam Corp. issued $50,000 face value bonds at 102. These bonds pay interest at a 4% annual rate and pay interest twice a year, on June 30th and December 31st. The bonds have a 2-year life. = 1. Prepare the journal entry to record the issuance of the bonds on January 1, 5 2015 (3 points). , B 9 10 12. Prepare the journal entry to record the first interest payment on June 30, 2015 12 (3 points). 13 14 15 16 17 3. Prepare the journal entry to record the second interest payment on 18 December 31, 2015 (3 points). 19 E 222 20 21 22 23 4. On December 31, 2015, Ibtesam Corp. retired the bonds at 95. Prepare 24 the journal entry to record the retirement (4 points). 25 26 27 122 78