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Prepare the journal entry to record the first interest payment on June 30, 2023. [3 points] No Journal Entry Required What is the carrying value

Prepare the journal entry to record the first interest payment on June 30, 2023. [3 points] No Journal Entry Required What is the carrying value of the bond on December 31, 2023? [2 points] \$ Price Company issued 8 -year, 9% bonds on January 1,2023 with a face amount of $2,000,000. The market rate for bonds of similar risk and maturity is 7%. Interest is paid semiannually on June 30 and December 31

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