Problem 10-4A Straight-Line: Amortization of bond discount LO P2

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[The following information applies to the questions displayed below.] Legacy issues $750,000 of 8.0%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $656,844 when the market rate is 12%.

Problem 10-4A Part 4

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

ournal entry worksheet = 1 2 Record the interest payment and amortization on June 30. ote: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general jou Journal entry worksheet