Instructions Synergy Corporation is authorized to issue $970,000 of 5% bonds. Interest on the bonds is payable semiannually; the bonds are dated January 1, Year 1, and are due December 31, Year 5. Required: Prepare the journal entries to record the following: a. January 1, Year 1 Sold the bonds at par b. June 30, Year 1 First interest payment C. December 31, Year 1 Second interest payment General Journal Prepare the journal entries to record the following: a. January 1, Year 1 Sold the bonds at par b. June 30, Year 1 C. December 31, Year 1 First interest payment Second interest payment General Journal Instructions How does grading work? DATE 1 Jan. 1 Cash 2 Bonds Payable 3 Jun. 30 Interest Expense 4 Cash 5 Dec. 31 Interest Expense 6 Cash GENERAL JOURNAL ACCOUNT TITLE Shaded cells have feedback. POST. REF. DEBIT 1,200,000.00 PAGE 1 Score: 64/76 CREDIT 1,200,000.00 48,000.00 48,000.00 48,000.00 48,000.00 X