Question #1 Journalize the issuance of the bond payable on Janurary 1,2018

Question #2 Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2018.

Outlandish Company issued a $70,000, 5%, 10-year bond payable at 95 on January 1, 2018. Interest is paid semiannually on January 1 and July 1. Read the requirements. Requirement 1. Journalize the issuance of the bond payable on January 1, 2018. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Date Accounts and Explanation Debit Credit 2018 Jan. 1 Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All