Instructions Chown Corporation issued $100,000 of 10% bonds dated January 1, 2018, for 62.72 ay 1, 2018. The bonds December 11, 2015, toad pay interest semiannual on June 30 and December 31. Chow the the rest method of motion Required: Prepare the journal entries to record the issue of the bonds on January 1, 2018, and the payments on June 30, 2018 December 2019. and June 2020. In addition, prepare a bond interest expense and discount motion schedule for the bonds through 2020 All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback. PAGE 2019 PAGE 2020 GENERAL JOURNAL Score: 69/153 DATE ACCOUNT TITLE POST. RER DEBIT CREDIT Jan. 1 Cash Discount on Bonds Payable Bonds Payable Jun 30 Interest Expense Discount on Bonds Puyable Cash Interest Expense Discount on Bonds Payable Pc eBook Show Me How Print Item Determining the proceeds from Bond Issues Madison Corporation is authorized to issue $500,000 of S-year bonds dated June 30, 2019, with a stated rate of interest of 11%. Interest on the bonds is payable semiannually, and the bonds are sold on June 30, 2019 Required: Determine the proceeds that the company will receive if it sells the following: (Click here to acess the table to use with this exercise and round your answers to two decimal places, if necessary, 1. The bonds to yield 12% 2. The bonds to yield 10%