On January 1, a company issues 10%, five-year bonds with a par value of $110,000 and semiannual interest payments. Following are the first few rows of the straight-line amortization table. Prepare journal entries for the following transactions. January 1 Bond issuance. June 302 First interest payment. December 31 Second interest payment. Journal entry worksheet Note: Enter debits before credits. Record the first interest payment on June 30 . Record the second interest payment on December 31