QUESTION 3 Partially correct 1.67 points out of 2.00 Flag question Bonds Payable Journal Entries; Effective Interest Amortization On December 31, 2014, Daggett Company issued $800,000 of ten-year, nine percent bonds payable for $662,361, yielding an effective interest rate of twelve percent. Interest is payable semiannually on June 30 and December 31. Prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest method) on June 30, 2015, and (c) the semiannual interest payment and discount amortization on December 31, 2015. Round amounts to the nearest dollar General Journal Date Description Debit Credit Dec.31 Cash $ 662,361 Discount on Bonds Payable # 137,639 Bonds Payable 800,000 To record issuance of bonds. Jun.30 Bond Interest Expense $ Discount on Bonds Payable Cash 36,000 To record semiannual interest payment and discount amortization. Dec.31 Bond Interest Expense $