On January 1, 2016, Educators Credit Union (ECU) ssued 8% 20-year bonds payable with face value of $500,000 The bords pay interest on une 30 and December 31 Rend te requirements Requirement 3. The ise price of the bonds ie 97 Joumalize the bond transactionsAu bonds payable are amortized using the stght mn method Reen db frt, then onedts Select expionations on the last Bne of he Debit bonds be priced The issue price of the bonds 8 97 Joualire the foibeing bond rareacto Issuance of te bondson Jauary 1, 20 Debit aun 30