QS 14-10 (Algo) Recording bond issuance and discount amortization LO P2 Snap Company issues 8%, five-year bonds, on January 1 of this year, with a par value of $90,000 and semiannual interest payments. January 1, issuance Semiannual Period-End (0) (1) June 30, first payment (2) December 31, second payment Unamortized Discount $ 7,600 6,840 6,080 Carrying Value $82,400 83,160 83,920 Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. es View transaction list Journal entry worksheet 3 Record the interest payment and amortization on June 30. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Bond interest expense Discount on bonds payable Cash