E G H B Requirement 1: C McWHERTER INSTRUMENTS Interest 9 Principal 10 Present value (price) of the bonds $ Try again! 11 12 Requirement 2: 14 General Journal 16 Account Debit Credit 17 January 1, 2021 [McWherter] 18 Cash 19 Discount on bonds payable 20 Bonds payable 21 January 1, 2021 (Blanton] 22 Investment in bonds 23 Discount on investment in bonds 24 Cash 25 26 27 Requirement 3: 28 General Journal 29 30 Account Debit Credit 31 June 30, 2021 [McWherter] 32 Interest expense 33 Discount on bonds payable 34 Cash 35 June 30, 2021 (Blanton) 36 Cash 37 Discount on investment in bonds 38 Interest revenue 39 40 41 Requirement 4: 42 General Journal 43 44 Account Debit Credit 45 46 Interest expense 47 December 31, 2021 (McWherter] Discount on bonds payable 48 Cash CD4 Dr Try again!