QS 10-4 (Algo) Issuing bonds at par LO P1 Madrid Company plans to issue 7% bonds with a par value of $4,600,000. The company sells $4,140,000 of the bonds at par on January 1 . The remaining $460,000 sells at par on July 1 . The bonds pay interest semiannually on June 30 and December 31. 1. Record the entry for the first interest payment on June 30. 2. Record the entry for the July 1 cash sale of bonds. Complete this question by entering your answers in the tabs below. Record the entry for the first interest payment on June 30 . Journal entry worksheet Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Record the entry for the July 1 cash sale of bonds. Journal entry worksheet Note: Enter debits before credits