Simko Company issu$740,000, 5-year, 5 percent bonds on January 1, 2018. The bonds were issued for $705,000. Interest is payable annually on December 31. Using straight-line amortization, prepare journal entries to record (a) the bond issuance on January 1, 2018, and (b) the payment of interest on December 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list points 02:26:08 Journal entry worksheet Record the issuance of bonds with a face value of $740,000 for $705,000 Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the interest payment on December 31, 2018. Note: Enter debits before credits Debit Date General Journal Credit December 31, 2018 Record entry View general journal Clear entry