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OINTS Lewis Don Missing, Inc. (LDMI) issued $40,000,000 of bonds on 1/1/20 that had a 15 year term, and a 5% stated interest rate. The

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OINTS Lewis Don Missing, Inc. ("LDMI") issued $40,000,000 of bonds on 1/1/20 that had a 15 year term, and a 5% stated interest rate. The bonds pay interest semi-annually and the market rate of interest was 6% on the date of issuance. Assuming that interest is paid on June 30th and December 31 of each year and that LDMI uses the effective interest method for bond interest amortization, prepare the journal entry to record interest expense for the six months ended 6/30/23 DATE ACCOUNT DEBIT CREDIT

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