On July 1, a company issues a $500,000, 8%, 10-year bond thatpays semiannual interest of $20,000 ($500,000 ? 8% ? 1/2),receiving cash of $520,000.Required:Journalize the

On July 1, a company issues a $500,000, 8%, 10-year bond thatpays semiannual interest of $20,000 ($500,000 Ã? 8% Ã? 1/2),receiving cash of $520,000.Required:Journalize the entry to record 2 answers