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On January 1, 2024, Engineers Credit Union (ECU) issued 8%,20-year bonds payable with face value of $200,000. These bonds pay interest on June 30 and

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On January 1, 2024, Engineers Credit Union (ECU) issued 8%,20-year bonds payable with face value of $200,000. These bonds pay interest on June 30 and December 31 . The issue price of the bonds is 110 . Joumalize the following bond transactions: (Click the icon to view the bond transactions.) (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the joumal entry. Round your answers to the nearest whole dollar.) a. Journalize the issuance of the bonds on January 1,2024 . b. Joumalize the payment of interest and amortization on June 30,2024 . c. Journalize the payment of interest and amortization on December 31, 2024. d. Journalize the retirement of the bond at maturity on December 31, 2043, assuming the last interest payment has already been recorded

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