Prepare the journal entries to record the first two interest payments.

Journal entry worksheet

$1$

$2$

Record the interest payment and amortization on June $30.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$June $30,,,],[,,,],[,,,],[,,,],[,,,]]$

Homework $-$ Chapter $10$

$1$

Required information

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Legacy issues $$730,000$ of $7\mathrm{.}0\%,$ four$-$year bonds dated January $1,2021,$ that pay interest semiannually on June $30$ and December $31.$ They are issued at $$659\mathrm{.}199$ when the market rate is $10\%.$

$4.$ Prepare the journal entries to record the first two interest payments.

Journal entry worksheet

$1$

$2$

Record the interest payment and amortization on June $30.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$June $30,,,],[,,,],[,,,],[,,,],[,,,]]$