Semiannual bond Start by recording the semiannual bond interest payment on June 30, 2020 Date Accounts Debit Credit 2020 Jun. 30 Interest Expense Discount on Bonds Payable Cash 30,000 Wicked Wild's bonds will be issued at adiscount because the cash proceeds are less than the face value of the bonds. Requirement 2. Record the following transactions. Indlude dates and round to the nearest dollar. Omit explanations. (Round your answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from any journal entries.) a. Cash received from the bond issue Credit Date 2020 Jan. 2 Cash Accounts Debit 998,800 Discount on Bonds Payable 1,200 More Info Bonds Payable 1,000,000 wicked Wild Company plans to raise the capital by issuing $1,000,000 of 6%, five-year bonds on January $998,800 when the bonds are issued. The company also issues a mortgage payable for $750,000 on January 2, 2020. The proceeds from the b. Cash received from the mortgage payable. 2, 2020. The bonds pay interest semiannually on June 30 and December 31. The company receives Date 2020 Jan. 2 Cash Accounts Debit Credit mortgage will be used to construct the new building. The mortgage requires annual payments of $50,000 750,000 plus interest for fifteen years, payable on December 31, The mortgage interest rate is 7%. Mortgages Payable 750,000 Print Done Choose from any list or enter any number in the input fields and then click Check