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Dashboard O Question 8 340 pts The Won-Ton Corporation issues $5,000,000 of 6%, 10 year bonds dated January 1, 2018, that pay interest semiannually on

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Dashboard O Question 8 340 pts The Won-Ton Corporation issues $5,000,000 of 6%, 10 year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $4,400,000 1) Prepare the journal entry to record the bond's issuance on January 1, 2018. 2) Calculate the cash payment, the straight-line discount amortization, and the bond interest expense for each semi- annual period. (This will be the same entry over-and-over again). 3) Use #2 to prepare the first interest payment. HTML Editora B IU A AIX E 331 X

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