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On June 30, Dogwood Limited issues 8%, 20-year bonds payable with a face value of $90,000. The bonds are issued at 90 and pay interest

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On June 30, Dogwood Limited issues 8%, 20-year bonds payable with a face value of $90,000. The bonds are issued at 90 and pay interest December 31. (Assume bonds payable are amortized using the straight-line amortization method) Requirements 1. Journalize the issuance of the bonds on June 30 2. Journalize the semiannual interest payment and amortization of the bond discount on December 31. Requirement 1. Journalize the issuance of the bonds on June 30 (Record debits first then credits Select explanations on the last line of the Debit Credit untend Finlanation

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