Journal Entry Problem. 2. On Jan. 1, 2021, Horace Corporation issued $1,000,000 of 8 -year, 9% bonds at 96. Interest on these bonds is payable semiannually on June 30 and December 31 . Create a journal entry for 1) Issuance of bond 2) 2nd Interest payment and 3 ) Maturity of bond (Must have right dates and account names fully written out) This problem is worth 14 points