Requirement 1. Joumalize the transactions of Lamire Communications Inc. (Record debits first, then credits. Exclude explanations from any journal entries.) January 1, 2018: Issued $7,000,000 of 8%, 10-year bonds payable at 95. Interest payment dates are July 1 and January 1. Date 2018 Jan 1 Journal Entry Accounts Debit Credit More Info 2018 Jan 1 Issued $7,000,000 of 8%, 10-year bonds payable at 95. Interest payment dates are July 1 and January 1. Jul 1 Paid semiannual interest and amortized bond discount by the straight-line method on the 8% bonds payable. July 1, 2018: Paid semiannual interest and amortized bond discount by the straight-line method on the 8% bonds payable. Dec 31 Accrued semiannual interest expense and amortized the bond discount by the straight-line method on the 8% bonds payable. Journal Entry 2019 Date 2018 Jul 1 Accounts Debit Credit Jan 1 Paid semiannual interest. 2028 Jan 1 Paid the 8% bonds at maturity. December 31, 2018: Accrued semiannual interest expense and amortized bond discount by the straight-line method on the 8% bonds payable. Print Done