On June 30, Denver limited issues 5%, 20-year bonds payable with a face value of $120,000 The bonds are issued at 94 and pay interest on June 30 and December 31. Requirements Journalize the issuance of the bonds on June 30. Journalize the semiannual interest payment and amortization of the bond discount on December 31. (Assume bonds payable are amortized using the straight line amortization method Record debits first, then credits Select the explanations on the last line of the journal entry table.) Requirement 1. Journalize the issuance of the bonds on June 30 Date Accounts and Explanation Jun 30