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IThe following information applies to the questions displayed below Legacy issues $740,000 of 7.5%, fouryear bonds dated January 1, 2017, that pay interest semiannually on

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IThe following information applies to the questions displayed below Legacy issues $740,000 of 7.5%, fouryear bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31 . They are issued at $680,186 and their market rate is 10% at theissue date. 4. Prepare the journal entries to record the first two interest payments. View list Journal entry worksheet 2 Record the interest payment and amortization on June 30, 2017. Jun 30, 2017

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