Dunphy Company issued $32,000 of 7.0%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. Record the issuance of the bonds. Note: Enter debits before credits. Debit General Journal Date Credit Jan 01 Record the first interest payment on June 30. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30