On June 30, Doherty Limited issues 5%, 20-year bonds payable with a face value of $100,000. The bonds are issued at 98 and pay interest on June 30 and 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 journal entry) Date Jun. 30 Accounts and Explanation Debit Credit