Homework: Chapter 14 Homework Score: 0.54 of 3 pts T114-3 (similar to) 1 1 of 11 (11 complete) Johnson Company issued $200,000,8%, 10-year bonds payable at B8 on January 1, 2016 6. Journalize the issuance of the bonds payable on January 1, 2016 7. Journalize the payment of semiannual interest and amortization of the bond discount or premium (using the straight-line amortization method) on July 1, 2016. 8. Assume the bonds payable was instead issued at 114. Joumalize the issuance of the bonds payable and the payment of the first semiannual interest and amortization o (Record debits first, then credits. Select explanations on the last line of the journal entry) 6. Journalize the issuance of the bonds payable on January 1, 2016. Date Accounts and Explanation Credit Debit 176,000 2016 Jan. 1 Cash Discount on Bonds Payable Bonds Payable 24.000 200.000 Issued bonds at a discount 7. Journalize the payment of semiannual interest and amortization of the bond discount or premium (using the straight-line amortization method) on July 1, 2016 Date Debit Credit 2016 Jul 1 Accounts and Explanation Interest Expense Cash Discount on Bonds Payable Paid semiannual interest and amortized discount Choose from any list or enter any number in the input fields and then click Check Answer Clear All remaining