Learning Objectives 2, 3, 4 P-42B Analyzing and journalizing bond transactions On January 1, 2018, Electricians Credit Union (ECU) issued 8%, 20-year bonds payable with face value of $400,000. The bonds pay interest on June 30 and December 31. The issue price of the bonds is 104. Journalize the following bond transactions: a. Issuance of the bonds on January 1, 2018. b. Payment of interest and amortization on June 30, 2018 c. Payment of interest and amortization on December 31, 2018. ne 30 Interest Expense $15,600 d. Retirement of the bond at maturity on December 31, 2037, assuming the last inter est payment has already been recorded