On November 1, 2018, Valleymen Corporation issued $800,000 worth of ten-year, 9 percent bonds. The semiannual interest dates are November 1 and May 1. The market interest rate of similar investments was 8.5 percent. The bonds were issued at a price of 103. The company uses the effective interest method of amortization Required: Ignoring year-end accruals: A) Prepare a journal entry without explanations to record the bond issue on November 1, 2018. and Round answers to the nearest dollar. B) The journal entry to record the payment of interest on May 1, 2019. Enter Answers