III Homework: Chapter 14 Graded Homework Question 8, TIF14-3 (similar to) Part 1 of 4 HW Score: 58%, 58 of 100 points O Points: 0 of 7 Save Sullivan Company issued $160,000, 8%, 10-year bonds payable at 90 on January 1, 2024 6. Journalize the issuance of the bonds payable on January 1, 2024 7. Journalize the payment of semiannual interest and amortization of the bond discount or premium (using the straight-line amortization method) on July 1, 2024 8. Assume the bonds payable was instead issued at 112. Joumalize the issuance of the bonds payable and the payment of the first semiannual interest and amortization of the bond discount or premium (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, 2024 Date Jan 1 Accounts and Explanation C Debit Credit