EF12-24 (similar to) HW Score: 90.25%, 18.05 of 20 p Question Help Clark Company issued $90,000 of 10-year, 6% bonds payable on January 1, 2024 Clark Company pays interest each January 1 and July 1 and amortizes discount or premium by the straight-line amortization method. The company can issue its bonds payable under various conditions Read the requirements Journalize the payment of semiannual interest when the bonds are issued at 90. Date Accounts 2024 Jul 1 Interest Expense Discount on Bonds Payable Cash Debit Credit 3,150 450 2,700 Requirement 3. Journalize Clark Company's issuance of the bonds and first semiannual interest payment assuming the bonds were issued at 109 Explanations are not required (Record debits first, then credits Exclude explanations from any journal entries) Journalize the issuance of the bond payable at 109. Date 2024 Jan 1 Accounts Debit Credit 4