Required information Problem 14-4A (Static) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below.] Legacy issues $325,000 of 5%, four-year bonds dated January 1 , 2021 , that pay interest semiannually on June 30 and December 31 . They are issued at $292,181 when the market rate is 8%. Problem 14-4A (Static) Part 4 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and amortization on June 30 . Note: Enter debits before credits. Required information Problem 14-4A (Static) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below.] Legacy issues $325,000 of 5%, four-year bonds dated January 1 , 2021 , that pay interest semiannually on June 30 and December 31 . They are issued at $292,181 when the market rate is 8%. Problem 14-4A (Static) Part 4 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Record the interest payment and amortization on December 31. Note: Enter debits before credits