On January 31, 2016, Overton Logistics, Inc., issued five-year, 6% bonds payable with a face value of $13,000,000. The bonds were issued at 94 and pay interest on January 31 and July 31. Overton Logistics, Inc. amortizes bond discount by the straight-line method. Requirement 1. Record (a) issuance of the bonds on January 31, 2016, (b) the semiannual interest payment and amortization of bond discount on July 31, 2016, and (c) the interest accrual and discount amortization on December 31, 2016 a. Record the issuance of the bond payable on January 31, 2016. (Record debits first, then credits. Exclude explanations from any journal entries.) nepayableonJanuary 31, 2016. (Rebddebitsfist,then Journal Entry Date Accounts Debit 9,400,000! 3,600,000 Credit Jan 31 Cash Discount on Bonds Payable Bonds Payable 13,000,000 Choose from any ist or enter any number in the input fieids and then continue to the next question? Choose from any list or enter any number in the input fields and then continue to the next question? 2:11 AM