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Lukas Corp. issued $2,000,000 of 20 -year, 8% callable bonds on July 1. Voar. 1 with intoreet nayable on June 30 and December 31. The

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Lukas Corp. issued $2,000,000 of 20 -year, 8% callable bonds on July 1. Voar. 1 with intoreet nayable on June 30 and December 31. The flscal year of the company is the calendar year. Joumalize the entries for the following selected transactions: Vear 1 July 1 Issued the bonds for cash at their face amount. Dec. 31 Paid the interest on the bonds. veat 5 Dec. 31 Called the bond issue at 99 , the rate provided in the bond indenture. (Omit entry for payment of interest.) If an amount box does not require an entmy, Ieave it blank

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