Bonds Payable Comprehensive Case Study B Satum Corporation issued S1,800,000 of 5-year, 9% callable bonds on January 1, 2016 with interest payable on June 30 and December 31. The market rate of interest at the time of issuance was 10%. Journalize the entries to record the following selected transactions: January 1, 2016 - Sold the bonds. June 30, 2016 - Made the 1" interest payment and amortized discount for six months December 31, 2016 - Made the 2" interest payment and amortized discount for six months June 30, 2017 - Made the 3" interest payment and amortized discount for six months December 31, 2017 - Redeemed the bonds, which were called at 101. JOURNAL Date Description Post Ret. Debit Credit 10 13 17 10 191