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General Journal Analysis Instructions Cowan Corporation issued S 100,000 of 10% bonds dated January 1, 2016, for S96,83272 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 11%, and pay interest semiannually on June 30 and December 31 . Chowan uses the effective interest method of amortization. Required: Prepare the journal entries to record the issue of the bonds on January 1, 2016, and the interest payments on June 30, 2016, December 31, 2016, and June 30, 2017. In addition, prepare a bond interest expense and discount amortization schedule for the bonds through June 30, 2017 General JournalAnalysis General Journal Prepare the journal entries to record the issue of the bonds on January 1, 2016, and the interest payments on June 30, 2016, December 31, 2016, and June 30, 2017. Additional Instructions How does grading work? PAGE 2016PAGE 2017 GENERAL JOURNAL Score: 142/153 DATE ACCOUNT TITLE POST. REF DEBIT CREDIT Dec. 31 Interest Expense 5,325.80 Discount on Bonds Payable 25.80 Cash 000.00 Jun. 30 Interest Expense 5,343.72 General Journal Analysis General Journal DATE ACCOUNT TITLE POST. REF DEEIT CREDIT Dec. 31 Interest Expense 5,325.80 Discount on Bonds Payable 325.80 Cash 5,000.00 Jun. 30 Interest Expense 5,343.72 Discount on Bonds Payable 343.72 Cash Dec. 31 Interest Expense 5,362.62 Discount on Bonds Payable 362.62 000.00 Cash

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