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n January 1, 2017, Pigwell Company issued $300,000 of 5% bonds for $644,636. The bonds mature in 10 years. Interest is payable each July 1

n January 1, 2017, Pigwell Company issued $300,000 of 5% bonds for $644,636. The bonds mature in 10 years. Interest is payable each July 1 and January 1. The company uses the straight-line interest amortization method. Instructions Record the journal entry on January 1, 2017 and July 1, 2017

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