P12-35A (book/static) E Question Help On January 1, 2018, Educators Credit Union (ECU) issued 8%, 20-year bonds payable with face value of $1,000,000. These bonds pay interest on June 30 and December 31. The issue price of the bonds is 109. Journalize the following bond transactions: Click the icon to view the bond transactions.) (Assume bonds payable are amortized using the straight-line amortization method. Record debits first, then credits. Select explanations on the last line of the journal entry. Round your answers to the nearest whole dollar) a. Journalize the issuance of the bonds on January 1, 2018 Date Accounts and Explanation Debit Credit 2018 Jan, 1 Choose from any list or enter any number in the input fields and then click Check Answer 159.jpg Check Answer Clear All 2 parts EBSCOM - Guide 3 remaining re amortized using the straight-line amortization method. Record debits first, then credits. Select explanation s to the nearest whole dollar.) of the bon Account i More Info a. Issuance of the bonds on January 1, 2018. b. Payment of interest and amortization on June 30, 2018. C. Payment of interest and amortization on December 31, 2018. d. Retirement of the bond at maturity on December 31, 2037, assuming the last interest payment has already been recorded. Print Done t or enter any number in the input fields and then click Check Answer Clear All