Worthington Mutual Insurance Company issued a $ 50,000, 5%, 10-year bond payable at 108 on January 1,

Question:

Worthington Mutual Insurance Company issued a $ 50,000, 5%, 10-year bond payable at 108 on January 1, 2014.

Requirements
1. Journalize the issuance of the bond payable on January 1, 2014.
2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2014.