June 30. The fiscal year of the company is the calendar year: Required: For all journal entries, if an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds. 20 Y1 July 1 Premium on Bonds Payable Feectback rCheck My Work Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discount account. 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31,20V1, and the amortization of the bond premium, using the interest method. Round to the nearest dollar. b. The interest payment on June 30,20V2, and the amortization of the bond premium, using the interest method. Round to the nearest dollar. 2 Feectbock Check My Work 2b. Cash received (- premium amortized Dec. 31, 20Y1) x semiannual market rate = Interest Expense (debit). Principal x semiannual contract rate = cash paid (credit). The premium amortized (debit) is the difference between the two amounts. 3. Determine the total interest expense for 20Y1. Round to the nearest dollar. x