Bond Diunt intries for Bonde Payable Transition. Interest Method of Anting Bond Discount On July 1, 201. Uvingston Corporation a wholesaler of manufacturing pentinued $66.000,000 of 26 bondi ata market (allective interest rate of 1.ving Cash of $3,200.00 Interest on the bonds is payable semiannually on December 31 and Line 30. The focal year of the way is the calendar year Required Formulari box does not require an entry wit blank 1. To the record the amount of a proto frammence of the borde 2011 My 1. Set that The first in twent on Owcember 21, 2013 and the con of the band discount, uting their method. Huned to the rest 20131 The on 30.07 of the ording to found to the rest dla 2972 eBook Bond Discount Entries for Bonds Payable Transactions, Interest Method of Amortizing Bond Discount On July 1, 20Y1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $66,000,000 of Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the compan Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds. 2011 July 1 BE 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, 2011, and the amortization of the bond discount, 2011 Dec. 31 b. The interest payment on June 30, 2012, and the amortization of the bond discount, using the interest metho 59 E 2012 June 30 3. Determine the total interest axpense for 20Y1. Round to the nearest dollar Check My Work