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Required Information [The following information applies to the questions displayed below.) Legacy Issues $740,000 of 7.5%, four-year bonds dated January 1, 2019, thot pay Interest
Required Information [The following information applies to the questions displayed below.) Legacy Issues $740,000 of 7.5%, four-year bonds dated January 1, 2019, thot pay Interest semiannually on June 30 and December 31. They are issued at $680,186 when the market rate is 10%. 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet Record the interest payment and amortization on June 30. Note: Enter debits before credits. General Journal Debit Credit Date June 30 Bond interest expense Discount on bonds payable Cash 27.750 Record entry Clear entry View general journal Required Information The following information applies to the questions displayed below.) Legacy Issues $740,000 of 7.5%, four-year bonds dated January 1, 2019, that pay Interest semiannually on June 30 and December 31. They are issued at $680,186 when the market rate is 10%. 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet
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