EF12-24 (similar to) HW Score: 93.68 %, 18.74 of 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 payab under various conditions Read the requirements 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 Accounts 2024 Jan. 1 Cash Premium on Bonds Payable Bonds Payable Debit Credit 98,100 8,100 90,000 Journalize the payment of semiannual interest when the bonds are issued at 109 Date 2024 Jul 1 Interest Expense Accounts Premium on Bonds Payable Cash Debit Credit 2700 Choose from any list or enter any number in the input fields and then click Check Answer.