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Straight-Line Method SE 5. On April 1, 2010, Morimoto Corporation issued $8,000,000 in 8 percent, five-year bonds at 98. The semiannual interest payment dates are

Straight-Line Method SE 5. On April 1, 2010, Morimoto Corporation issued $8,000,000 in 8 percent, five-year bonds at 98. The semiannual interest payment dates are April 1 and October 1. Complete journal entry for the first interest payment on October 1, 2010. Use the straight-line method and ignore year-end accruals

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