Lincoln Company issued $50,000 of 10 year 5% bonds payable on January 1, 2004 Lincoln Company pays interest each January 1 and July 1 and amorties discount or premum by the straight in amortization method. The company can tue its bonds payable under vanous conditions Read the requiements Requirement 1. Journale Lincoln Company's issuance of the bonds and first semannual payment assuming the bonds we sued at explanations from any journalerenes) value Explanations are not required Recond debets fest, then ordi Exclude Joumalize the issuance of the bond payable at face value Date 2024 Jan 1 Accounts Debit Credit