Question 14 Not complete Marked out of 0.63 Flag question Recording Bonds Issued at a Premium-Effective Interest Yale Corporation issued $30,000, 8% (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January 1. Yale amortizes any bond discount or premium using the effective interest amortization method. If the bonds were sold to yield 7%, provide journal entries to be made at each of the following dates. a. January 1, for issuance of bonds. b. June 30, for the first interest payment. Note: Round your answer to the nearest whole dollar. Date a. Jan. 1 Account Name Dr. Cr. 000 To record the issuance of bonds. b. June 30 OOO 0 0 0 To record the first interest payment. 000 000