Instructions On the Birst day of the fiscal year, a company issues a $3,500,000, 6%, five-year bond that pays semiannual interest of $105,000 (53,500,000 6% receiving cash of $3,350,000 Journaize the first interest payment and the amortization of the related bond osscount. Refer to the Chart of Accounts for exact wording of account totes Journal Instructions Joumal Journalize the first interest payment and the amortization of the related bond discount on June 30 Refer to the Chart or Accounts for exact wording of account title JOURNAL ACCOUNTING EQUAT DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES ho (previous Check My Work more Check My Work uses remaining BDOOR Show Me How Discount amortization Journal Instructions Joumal the first interest payment and the amortization of the related bond discount on June 30. Refer to the Chart of Accounts for exact wording of accountitles PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST RER DEBIT CREDIT ASSETS LIABILITIES EQUITY I Previous Check My Work 2 more Check My Work uses remaining Instructions Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 121 Accounts Receivable 611 Gain on Redemption of Bonds 122 Allowance for Doubtful Accounts 126 Interest Receivable EXPENSES 127 Notes Receivable 510 Cost of Merchandise Sold 131 Merchandise Inventory 515 Credit Card Expense BDOOR Show Me How Discount amortization Journal Instructions Joumal the first interest payment and the amortization of the related bond discount on June 30. Refer to the Chart of Accounts for exact wording of accountitles PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST RER DEBIT CREDIT ASSETS LIABILITIES EQUITY I Previous Check My Work 2 more Check My Work uses remaining Journal Instructions Chart of Accounts 241 Notes Payable 590 Miscellaneous Expense 710 Interest Expense 251 Bonds Payable 711 Loss on Redemption of Bonds 252 Discount on Bonds Payable 253 Premium on Bonds Payable EQUITY 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Pald-In Capital in Excess of Par-Preferred Stock 1 Paiden Cantal from Sale of Treasury Stock Chart of Accounts CRUIT 311 Common Stock 312 Paid-In Capital in Excess of Par-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid-In Capital in Excess of Par-Preferred Stock 331 Paid-In Capital from Sale of Treasury Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends