On January 1, 2018, Teachers Credit Union (TCU) issued 5%, 20 year bonds payable with face value of $600,000. These bonds pay interest on June 30 and December 31. The issue price of the bonds is 108. Joumalize the following bond transactions (Click the icon to view the bond transactions.) (Assume bonds payable are amortured using the straight-line amortization method. Record debits first, the 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 Accounts and Explanation Debit Credit 2018 Jan. 1 540.000 Cash Bonds Payable Premium on Bonds Payable 500,000 40,000 issued bonds at a premium Choose from any list or enter any number in the input fields and then click Check Answer (TCU) issued 5%, 20-year bonds payable with face value of $500,000. These bonds pay interest on June 30 and bond transactions: ctions.) mg the - plast line of the More Info Janu Expl a. Issuance of the bonds on January 1, 2018 b. Payment of interest and amortization on June 30, 2018. c. Payment of interest and amortization on December 31, 2018. d. Retirement of the bond at maturity on December 31, 2037, assuming the last interest payment has already been recorded. Print Done 7 of 8 (5 complete) : 0.15 of 2 pts P14-35A (similar to) On January 1, 2018, Teachers Credit Union (TCU) issued 5%, 20-year bonds payable with face value of $500,000. The of the bonds is 108. Journalize the following bond transactions: A (Click the icon to view the bond transactions.) (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Sel answers to the nearest whole dollar.) Issued bonds at a premium. Master- b. Journalize the payment of interest and amortization on June 30, 2018. Date Accounts and Explanation Debit Credit 2018 Jun 30 Choose from any list or enter any number in the input fields and then click Check Answer. parts Clear All 2 remaining