Instructions On January 1, 2019, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when the effective rate is 12%. Interest is to be paid semiannually on June 30 and December 31. Assume Canglon uses the effective interest method to amortize the discount. Required: Prepare the journal entry to record the first interest payment on June 30, 2019. General Joumal Prepare the journal entry to record the first interest payment on June 30, 2019. General Journal Instructions PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE POST. REF DEBIT CREDIT 1 2 3