On January 1, ABC Enterprises issued 12% bonds with a face value of $500,000. The bonds were sold for S495,000. The bonds pay interest semiannually June 30 and Dec 31) and they mature in 15 years. ABC Enterprises amortizes the bond discount using the straight line method. What is the entry for the issuance of the bonds? Date Account/description Debit Credit What is the entry for the June 30 interest payment and bond discount amortization? Date Account/description Debit Credit What is the entry for the December 31 interest payment and bond discount amortization? Date Account/description Debit Credit How much interest did ABC Enterprises pay for the year