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On June 30, 2020, Culver Company issued $3,600,000 Face value of 14% 20-year bonds at $4.141.660, a vield of 12% Our bond premium or discount.

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On June 30, 2020, Culver Company issued $3,600,000 Face value of 14% 20-year bonds at $4.141.660, a vield of 12% Our bond premium or discount. The bonds pay semiannual interest on June 30 and December 31 es the effective interest method to morti Entry for the account and Prepare the journal entries to record the following transactions. (Round answer to decimal places, e 38,548. If no entry is required, select enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually (1) The issuance of the bonds on June 30, 2020. (2) The payment of interest and the amortization of the premium on December 31, 2020 (3) The payment of interest and the amortization of the premium on June 30, 2021. (4) The payment of interest and the amortization of the premium on December 31, 2021 Account Titles and Explanation Debit Credit No. Date (1) June 30, 2020 (2) December 31, 2020 (3) June 30, 2021 (4) December 31, 2021

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