On January 1, 2019, Cangion, Inc., issues 10%,5y year bonds with a face value of $150,000 when the otlective rate is 12%. interest is to be paid somiarnually on June 30 and Decembor 31. Assume Canglon uses the elfective interest method to amortize the discount. Required: Prepare the joumal entry to record the first interest paymont on June 30,2019. Prepare the joumal entry to record the first interest payment on June 30, 2019. General Joumai instructions How does srading work