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Issuling bonds at face amount On January 1, the first day of the fiscal year, Designer Fabric inc, issues a $550,000,94,10-year bond that pays semiannual

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Issuling bonds at face amount On January 1, the first day of the fiscal year, Designer Fabric inc, issues a $550,000,94,10-year bond that pays semiannual interest of $24,750 ( $550,00094613 year), recelving cash of $550,000. a. Joumalize the entry to record the issuance of the bonds. If an amount box does not require an entry, leave it blank, b. Joumalize the entry to record the first interest payment on June 30. If an amount box does not reculre an entry, leave it blank. c. Journaize the entry to record the payment of the principal on the maturity dote. If an amount box does not require an entry, lesve it Nank

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