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On January 1.2016. Gibson Co. issued eight-year bonds with a face value of $200,000,000 and a stated interest rate of 6% payable semiannually on june

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On January 1.2016. Gibson Co. issued eight-year bonds with a face value of $200,000,000 and a stated interest rate of 6% payable semiannually on june 30 and December 31. The bonds were sold to yield 8%. Table values are: The issue price of the bonds is Prepare the journal entries for the interest payments on June 30. 2016 and December 31. 2016

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