Journalizing bond issuance and interest payments On June 30, Danver Limited issues 5%, 20-year bonds payable with a face value of $120,000. The bonds are issued at 94 and pay interest on June 30 and December 31. Requirements Journalize the issuance of the bonds on June 30. Journalize the semiannual interest payment and amortization of bond discount on December 31