On December 31, 28, White Company issued $620,000 of 8-year, 2% bonds for $536,000. These bonds were issued to yield an effective interest rate equal to the current market rate of 4%. The bonds pay interest on June 30 and December 31. White Company uses the effective interest method of amortization for bond discount or bond premium. Required: Compute the amount of discount or premium amortization that would be recorded on June 30, 29. Round your answer to the nearest cent. Discount O Premium Amount of amortization SO x 5 ? On May 1, 30, Whitecomet Company purchased $30,000 of Parker Company 3% bonds at 110. The bonds were dated December 31, 29, and pay interest on June 30 and December 31. Required: Journalize Whitecomet Company's transaction to record the receipt of interest on June 30, 30. Date Account Title Debit Credit June (Choose one)