Edward Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4 -year term on July 1,2018 and received $480,000, Interest is payabie semiannually. discount is amortixed using the straight-line method. Prepare journal entries for the following transsetiens. July 1, 2018: entry to reoord issuing the bonds Dec, 31, 2018: entry to record payment of interest to bondholders Dec, 31, 2018; entry to record amortization of discount