Exercise 14-6 Bonds; issuance; effective interest [L014-2) The Gorman Group issued $980,000 of 9% bonds on June 30, 2018, for $1,076,985. The bonds were dated on June 30 and mature on June 30, 2038 (20 years). The market yield for bonds of similar risk and maturity is 8% interest is paid semiannually on December 31 and June 30. Required: Complete the below table to record the company's journal entry. 1. to 3. Prepare the journal entry to record their Issuance by The Gorman Group on June 30, 2018, Interest on December 31, 2018 and interest on June 30, 2019 (at the effective rate). 3 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculation Req 1 to 3 Prepare the journal entry to record their issuance by The Gorman Group on June 30, 2018, in and interest on June 30, 2019 (at the effective rate). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round intermediate calculations and final answers to the nearest whole dollar.) terest on December 31, 2018 General Journal Debit June 30 2018 96,985 31, 2018 1,021 44.100