On June 30, Power Company issues 13%, 10-year bonds 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. 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) Accounts and Explanation Credit Date Jun. 30 Cash Bonds Payable Date Issued bonds at face value. Dec. 31 Interest Expense Cash Debit Requirement 2. Journalize the semiannual interest payment on December 31. (Record debits first, then credits. Select explanations on the last line of the journal entry) Accounts and Explanation Paid semiannual interest. 130,000 130,000 Debit Credit

Requirements 1. Journalue the issuance of the bonds on Juee 30