Required information Problem 10-5A Straight-Line: Amortization of bond premium and discount LO P1, P2, P3 [The following information applies to the questions displayed below.) Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $292,181 and their market rate is 8% at the issue date. Problem 10-5A Part 4 4. Prepare the journal entries to record the first two interest payments. View transaction list n Journal entry worksheet Record the interest payment and amortization on June 30, 2017