3 Homework Chapter 14 6 2 The Gorman Group issued S990.000 of 11% bonds on June 30, 2018, for $1,074,942. The bonds were dated on June 30 and mature on June 30, 2038 (20 years). The market yield for bonds of similar risk and maturity is 10%. Interest is paid semiannually on December 31 and June 30 Required: Complete the below table to record the company's journal entry 1. to 3. Prepare the journal entry to record their issuance by The Gorman Group on June 30, 2018, interest on December 31, 2018 and interest on June 30, 2019 (at the effective rate. eBook Hint Pint Complete this question by entering your answers in the tabs below Complete the below table to record the company's journal entry. (Round intermediate nearest whole dollar. Enter interest rate to 1 decimal place. (i.e. 0.123 should be entered as 12.3).) tions and final answers to the Type here to search