The following information applies to the questions displayed below.) Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $680,186 and their market rate is 10% at the issue date. 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet Record the interest payment and amortization on June 30, 2017 Note: Enter debits before credits Date General Journal Debit Credit Jun 30, 2017 Required information [The following information applies to the questions displayed below.) Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on December 31. They are issued at $680,186 and their market rate is 10% at the issue date. 4. Prepare the journal entries to record the first two interest payments. Answer is complete but not entirely correct. No Dato Credit General Journal Bond interest expense Discount on bonds payable Cash Debit 34,009 Jun 30, 2017 6,259 27,750 Dec 31, 2017 34,322 Bond interest expense Discount on bonds payable Cash 000 6,572 27,750