Question: 1 . On January 1 , 2 0 1 8 Professors Credit Union sold a ( mathbf { 1 0 } )

1. On January 1,2018 Professors Credit Union sold a \(\mathbf{10}\) year Bond issue of \(\$ 500,000\). The Bonds were issued at a sale price of 97. The Bonds require semi-annual interest payments on July 1 and January 1 at a stated rate of \(6\%\). Required: a. Journalize the issuance of the bonds on January 1,2018. b. Journalize the interest payment of July 1,2018 and any amortization of discount or premium. c. Journalize the accrual of interest on December 31,2018 and any amortization of discount or premium. d. Journalize the payment of interest on January 1,2019. Submit your journal to instructor
1 . On January 1 , 2 0 1 8 Professors Credit

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