Bonds Payable journal Entries: Effective Interest Amortization On December 31, 2011, Daggett Company issued $600,000 of ten year, 9 bonds payable for 5550,532 yielding an effective interest rate of 10. Interest is payable semiannually on June 30 and December 31. Prepare journal entries to reflect (a) the issuance of the bonds, tb) the semiannual interest payment and discount amortization (effective interest method) on June 30, 2012, and (c) the semiannual interest payment and discount amortization on December 31, 2012. Round amounts to the nearest dollar Date General Journal Description Debit Credit S Der Cash Discount on londs Payable Bond Payable To recordant bonds OX ON O 0 OH Jun 30 lowest price Discount on Bondi Payabile D 0 D OM ON DX To record street and contamination CI Deck Bond interest Expense Discount on Donas Vayable Cash To record Slamet O OM Check