g the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the jour Jat More info a. Issuance of the bonds on January 1, 2024. b. Payment of interest and amortization on June 30, 2024. C. Payment of interest and amortization on December 31, 2024. d. Retirement of the bond at maturity on December 31, 2043, assuming the last interest payment has already been recorded. ama Print Done Expl On January 1, 2024, Engineers Credit Union (ECU) issued 5%, 20-year bonds payable with face value of $500,000. Those bonds pay interest on June 30 and December 31. The issue price of the bonds is 103. Journalize the following bond transactions Click the icon to view the bond transactions) (Assume bonds payablo are amorced using the straight-line amortization method Record debit first, then credits Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar) a. Journalize the issuance of the bonds on January 1, 2024 Data Accounts and Explanation Debit Credit 2024 Jan 1 Cash Bonds Payablo Premium on Bonds Payable Debit Credit Issued bonds at face value b. Journalize the payment of interest and amortization on June 30, 2024. Date Accounts and Explanation 2024 Jun 30 Interest Expense Premium on Bonds Payablo Cash Debit Credit b. Journalize the payment of interest and amortization on June 30, 2024. Date Accounts and Explanation 2024 Jun 30 Interest Expense Premium on Bonds Payable Cash Paid semiannual interest and amortized premium Credit c. Journalize the payment of interest and amortization on December 31, 2024 Date Accounts and Explanation Debit 2024 Dec 31 Interest Expense Premium on Bonds Payable Cash d. Journalize the retirement of the bond at maturity on December 31, 2043, assuming the last interest payment has already been recorded. Date Accounts and Explanation Debit Credit 2043 Dec 31 Bonds Payable Cash Retired bonds payable at maturity