Simko Company issued $680,000, 5-year, 5 percent bonds on January 1,2018. The bonds were issued for $620,000. 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 Requlred" in the first account fleld.) 2 2Journal entry worksheet Record the of bonds with a face value of $680,000 for $620,000. 01, 2018 60,000 680,000 4 1 Clear entry