OS 14-16 Issuing bonds at par LO P1 Madrid Company plans to issue 11% bonds on January 1, 2017, with a par value of $5700,000. TheCompany sells $5,130,000 of the bonds at par on January 1, 2017. The remaining $570,000 sells at par on July 1, 2017. The bonds pay interest semiannually as of June 30 and December 31 1. Record the entry for the first interest payment on June 30, 2017 View transaction list Journal entry worksheet Record the entry for semiannual interest paid Note: Enter debits before credits. Date General Journal Debit Credit 06/30/20173 2. Record the entry for the July 1 cash sale of bonds. View transaction list Journal entry worksheet Record the sale of bonds for cash on July 1, 2017. Note: Enter debits before credits. Date General Journal Debit Credit July 01 Record entry Clear entry View general journal