White Co. issued 5%, 5-year bonds with a PAR value of $50,000. White Co. sale all these bonds and received $48,000 cash. White Co. paid interest semi-annually (June and December till maturity date). Required: 1. Journal entry at issuance date. 2. Journal entry of payment interests after 6 months Important Note: Your answers should include (Account, amount, Debit or Credit)