On June 30, Driftwood Limited issues 0%, 20 year bonde payable with a face value of $80,000. The bonds are issued at 08 and pay interest on June 30 and December 31. (Assume bonds payable are amortized using the straight-ine 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 Accounts and Explanation Debit Credit Jun 30 Cash Discount on Bonds Payable Choose from any list or enter any number in the input fields and then click Check Answer 2