Journal entry worksheet Record the interest payment and amortization on June 30. Required information Problem 10-4A Straight-Line: Amortization of bond discount LO P2 (The following information applies to the questions displayed below.] Legacy issues $550,000 of 9.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $507,301 when the market rate is 12%. Problem 10-4A Part 4 4. Prepare the journal entries to record the first two interest payments