View Policies Current Attempt in Progress Tarawa Limited issued $1,340,000 of 10-year, 5% bonds on January 1, 2018, when the market interest rate was 6%Tarawa received $1,240,326 when the bonds were issued. Interest is payable semi-annually on July 1 and January 1. Tarawa has a December 31 year end Record the issue of the bonds on January 1. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Jan. 1 Debit Credit e Textbook and Media List of Accounts Record the payment of interest on July 1. (Round answers to decimal places, cs: 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit July 1