On January 1, a corporation issues bonds that have a $4,900,000 par value, mature in 20 years, and pay 10% interest semiannually on June 30 and December 31. The bonds are sold at par. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the journal entry to record the issuance of the bonds on January 1. View transaction list Journal entry worksheet 1 Record the issuance of the bonds on January 1. Note: Enter debits before credits. Date January 01 General Journal Debit Credit

On January 1 , a corporation issues bonds that have a $4,900,000 par value, mature in 20 years, and pay 10% interest semiannually on June 30 and December 31 . The bonds are sold at par: Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the issuance of the bonds on January 1. Journal entry worksheet Note: Encer debits before credits