Question: Ogden issued a $70,000, 12%, 10-year bond payable at 90 on January 1, 2016. Requirements 1. Journalize the issuance of the bond payable on January

Ogden issued a $70,000, 12%, 10-year bond payable at 90 on January 1, 2016.
Requirements
1. Journalize the issuance of the bond payable on January 1, 2016.
2. Journalize the payment of semiannual interest and amortization of the bond discount or premium on July 1, 2016.

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