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Simko Company issued $760,000, 10 year, 4 percent bonds on January 1, 2018. The bonds were issued for $715,000. Interestis payable annually on December 31.

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Simko Company issued $760,000, 10 year, 4 percent bonds on January 1, 2018. The bonds were issued for $715,000. Interestis payable annually on December 31. Using straight-line amortization, prepare journal entries to record the bond issuance on January 1. 2018, and (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.) Journal entry worksheet Record the issuance of bonds with a face value of $760,000 for $715,000 NoteEnter debes before credits General Journal Debit Credit January 01, 2018 Record entry Cherry View gener a l

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