Duval Co. issues four-year bonds with a $116,000 par value on January 1, 2018, at a price of $111,880. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31.

2 & 3. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 2 Record the interest payment and discount amortization on June 30, 2018. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2018 Record entry Clear entry View general journal Journal entry worksheet 2 Record the interest payment and discount amortization on December 31, 2018. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2018 Record entry Clear entry View general journal