Recording Bonds Issued at a Premium-Effective Interest Yale Corporation issued $42,000, 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 Jan 1 Account Name To record the issuance of bonds b. June 30 In record the firstinterest Gament Dr. Cr.