On June 30, Pogden Company issues 12%, 10-year bond payable with at face value of $130,000. The bonds are issued at face value and pay interest on June 30 and December 31. Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment on December 31. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Requirement 1. Journalize the issuance of the bonds on June 30. Date Accounts and Explanation Debit Credit June 30 Requirement 2. Journalize the semiannual interest payment on December 31. Accounts and Explanation Debit Dec. 31 Date Credit On December 31, 2016, when the market interest rate is 8%, Bryant Realty issues $300,000 of 5.25%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. 3 (Click the icon to view the Present Value of $1 table.) 3 (Click the icon to view the Present Value of Annuity of $1 table.) (Click the icon to view the Future Value of $1 table.) Click the icon to view the Future Value of Annuity of $1 table.) The present value of the bonds at issuance amounts to $ . (Round all currency amounts to the nearest whole dollar.)