Jan 1. Prepare journal entries for the issuance of $10,000,000,

11%, 10 year semmiannual bonds

issued on 1/1 of this year at an effective rate of 12%.

Also prepare entries for payment of interest for the first two payments on 7/1 and 1/1

References:

Jan 1. Prepare journal entries for the issuance of $10,000,000 11%, 10 year semmiannual bonds issued on 1 /1 of this year at an effective rate of 12%