Legacy issues $560,000 of 9.0%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $507,831 when the market rate is 12%. 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet 1 2 Record the interest payment and amortization on June 30. Note: Enter debits before credits. Date June.30 General Journal Debit Credit

Legacy issues $560,000 of 9.0%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $507.831 when the market rate is 12%. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and amortization on June 30. Note: Enter debits before credits