On January 1, 2018, Lane Unlimited issues 12%, 20-year bonds payable with a face value of $180,000. The bonds are issued at 103 and pay interest on June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.) Read the requirements Requirement 1. Journalize the issuance of the bonds on January 1, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Date Accounts and Explanation Debit Credit 2018 Jan. 1 185,400 Cash Bonds Payable Premium on Bonds Payable 180,000 5.400 Issued bonds at a premium. Requirement 2. Journalize the semiannual interest payment and amortization of bond premium on June 30, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Debit Credit x Requirements Date Accounts and Explanation 2018 Jun. 30 Interest Expense Premium on Bonds Payable Cash 1. Journalize the issuance of the bonds on January 1, 2018 2. Journalize the semiannual interest payment and amortization of bond premium on June 30, 2018. 3. Journalize the semiannual interest payment and amortization of bond premium on December 31, 2018 4. Journalize the retirement of the bond at maturity, assuming the last interest payment has already been recorded. (Give the date.) Print Done