On December 31, 2009, Blair Company issued $800,000 of 20-year. I 1% bonds payable fo $754,784, yielding an effective interest rate of 12%. Interest is payable semiannually on Jun and December 31. Prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest method) on June 2010, and (c) the semiannual interest payment and discount amortization on December 31, amounts to the nearest dollar General Journal Debit Credit Date a) Dec. 31 Cash Description Bond Interest Expense Answ To record issuance of bonds un 30 Cash To record semiannual interest payment and discount amortization Dec 31 Cash I To record semiannual interest payment