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In: Accounting6/30/y1, $5,000,000 face value bonds, with an 8% coupon rate,are issued to yield 5%. These...6/30/y1, $5,000,000 face value bonds, with an 8% coupon rate,are issued to yield 5%. These are 20- year bonds, and they payinterest on June 30 and December 31. These bonds were issued for$6,882,706. Please record the following, using the effectiveinterest approach: 6/30/y1 issuance of the bonds. 12/31/y1 paymentof interest. 6/30/y2 payment of interest. 12/31/y2 payment ofinterest.
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