tab 2: Record the interest payment and amortization on December 31, 2018.

Legacy issues $700,000 of 75%, four-year bonds dated January 1, 2018, that pay interest semiannually on June 30 and December 31. They are issued at $643,419, and their market rate is 10% at the issue date. Required 1.Prepare the January 1. 2018. journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $700,000 cash on January 1, 2018 at an issue price of $643,419. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2018 Record entry Clear entry View general journal