On January 1, 2018, Agricultural Credit Union (ACU) issued 5%, 20- year bonds payable with face value of $1,100,000. These bonds pay interest on June 30 and December 31. The issue price of the bonds is 106. Journalize the following bond transactions.

(Assume bonds payable are amotized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.

P12-35A (similar to) Question Help On January 1, 2018, Agricultural Credit Union (ACU) issued 5%, 20-year bonds payable with face value of $1,100,000. These bonds pay interest on June 30 and December 31. The issue price of the bonds is 106. Journalize the following bond transactions (Click the icon to view the bond transactions.) (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar.) a. Journalize the issuance of the bonds on January 1, 2018 Date 2018 Jan. 1 ccounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All Check