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owv2 nline x akeAssignment/takeAssignmentMain.do?inprogress-true Calculator Print Item Show Me How eBook Issuing Bonds at a Face Amount On January 1, the first day of the fiscal year, a company issues a $950,000, 6 %, 10- year bond that pays semiannual interest of $28,500 ($950,000 x 6% x 2 year), receiving cash of $950,000. (a) Journalize the entry to record the issuance of the bonds. (b) Journalize the entry to record the first interest payment on June 30. (c) Journalize the entry to record the payment of the principal on the maturity date. Next Previous Check My Work 2 more Check My Work uses remaining. takeAssignment/takeAssignmentMain.do?inprogress=true M eBook Show Me How Calculator Print Item Issuing Bonds at a Face Amount On January 1, the first day of the fiscal year, a company issues a $950,000, 6 % , 10-year bond that pays semiannual interest of $28,500 ($950,000 x 6% x 2 year), receiving cash of $950,000. (a) Journalize the entry to record the issuance of the bonds. Journalize the entar to record the first interest payment on June 30. Accounts Payable Cash Interest Expense Interest Payable record the payment of the principal on the maturity date. Premium on Bonds Payable Next Previous Check My Work 2 more Check My Work uses remaining

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