Required information [The following information applies to the questions displayed below.] Dunphy Company issued $16,000 of 7.5%,10-year bonds at par value on January 1 . Interest is paid semiannually each June 30 and December $1. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30. Journal entry worksheet Note: Ehter debits before credits. Dunphy Company issued $16,000 of 7.5%,10-year bonds at par value on January 1 . Interest is paid semlannually each June 30 and December 31 . Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30 . Journal entry worksheet Note: Enter debits before credits