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On January 1. 2025, a company issued 5200,000 of 7%,5 year bonds that pay interest sendiannuaty. They wore inused at a market price of 5204,000

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On January 1. 2025, a company issued 5200,000 of 7%,5 year bonds that pay interest sendiannuaty. They wore inused at a market price of 5204,000 . The coripafy uses the straight-line amortization mathod for bond preminms and discounts Prepare the journal entaies for the following trambactions 1 The issuarce of the bonds on January 1, 2025 2. The first interest payment on June 30,2025 Explanations are not neqeded Show all work to receive partial credit. If you plan to nuberit scrap paper, typet "scrap paper" below

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