On January 1, 2018, Robert Unlimited issues 14%, 20-year bonds payable with a face value of $160,000. The bonds are issued at 105 and pay interest on June 30 and December 31.

Read Requirements

On Jr ary 1 2018, Rote ' UnFrnited issues 14%, 20ea' onde pey blew th 8 r809 velu r 51 60 000 The bonds 8ie 88 ed at 105 8 d pay intereel n June 3nd C ece mbe 31 Assume boot, Py8ble 8 8fnoriized using th al's ght-fne 8 n tization thod. Requirement 1. Journalize the issuance of the bonds on January 1 2018. Recur debits irs, then edes. Select explenations ont he last "e unhe lournal enry.) Dule 2018 Jan 1 Debit Credit