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Ogden issued a $70,000, 12%, 10-year bond payable at 90 on January 1, 2016. Requirements Journalize the issuance of the bond payable on January 1,

Ogden issued a $70,000, 12%, 10-year bond payable at 90 on January 1, 2016.

Requirements

Journalize the issuance of the bond payable on January 1, 2016.

Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2016.

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