On January 1, 2019, Drennen Inc. issued $2.6 million face amount of 6-year, 18% stated rate bonds when market interest rates were 16%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2024. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) -2. Assume instead that the proceeds were $2,535,000. Record the journal entry to show the payment of semiannual interest and the elated discount amortization on June 30, 2019, assuming that the discount of $65,000 is amortized on a straight-line basis. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet