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On January 1, 2018, Eastside Credit Union (ECU) issued 7%, 20-year bonds payable with face value of $100,000 These bonds pay interest on June 30

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On January 1, 2018, Eastside Credit Union (ECU) issued 7%, 20-year bonds payable with face value of $100,000 These bonds pay interest on June 30 and December 31. The issue price of the bonds is 110. Journalize the follow 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. Accounts and Explanation 2018 Date Debit Credit Jan. 1

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