Recording Bonds Issued at a Discount-Effective Interest Yale Corporation issued $54,000, 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 9%, 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 Cash Account Name Discount on Bands Paya Bonds Payable To record the issuance of bonds June 30 interest Expense Discount on Bonds Payable Cash To record the first int Dr. Cr. using the effective interest amortization method. If the bond a. Januar b. June 3 Note: Date a. Jan. 1. b. June 30 Cash Check Inventory Equipment Land Deferred Revenue Bonds Payable Discount on Bonds Payable Discount and Debt Issuance Costs Premium on Bonds Payable Fair Value Adjustment-Bonds Payable Note Payable Discount on Note Payable Premium on Note Payable Fair Value Adjustment-Note Payable Interest Payable Common Stock Paid-in Capital in Excess of Par-Common Stock Paid-in Capital-Stock Warrants Retained Earnings-Prior Period Adjustment Debt Conversion Expense Interest Expense Loss on Redemption of Bonds Partially Marks fo Gain on Redemption of Bonds Unrealized Gain or Loss-Income Unrealized Gain or Loss-OCI