Bonds payable amortization schedule
		(a) Cash payment	(b) Interest expense	(c) Periodic discount amortization	(d) Unamortized discount	(e) Book value
12/31/2018	Issuance				$64,630	$935,370
6/30/2019		$40,000	$46,769	$6,769	$57,862	$942,139
12/31/2019		$40,000	$47,107	$7,107	$50,755	$949,245
6/30/2020		$40,000	$47,462	$7,462	$43,292	$956,708
12/31/2020		$40,000	$47,835	$7,835	$35,457	$964,543
6/30/2021		$40,000	$48,227	$8,227	$27,230	$972,770

Journal the following:

6/30/21 (3 entries)

Paid bondholders $40,000 interest payment according to the agreements on the company's bonds certificate.

7/1/21 (4 entries)

Retired outstanding bonds payable at 97.