Recording Bonds Issued at a Premium-Effective Interest Yale Corporation issued $60,000,8% (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 oremium 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. o. June 30 , for the first interest payment. Note: Round your answer to the nearest whole dollar