ezto nheducation.com Chapter 10 HW E10-7 Preparing Journal Entries to Record Issuance of Bonds and Payment of Intere st [LO 10-3) On January 1, Applied Technologies Corporation (ATC) issued $510,000 in bonds that mature in 10 yeers. The bonds have a stated interest rate of 8 percent. When the bonds were issued, the market interest rate was 8 percent. The bonds pay interest once per year on December 31. Required: 1. Determine the prioe at which the bonds were issued and the amount thet ATC reosived at issue Reoelived at Issu 2.83. and the first interest payment on December 31 assuming no interest has been aoorued eatlier in the year (f no entry is required for a transactionvovant select "No Joumal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issuance of bonds of $510 DOD. Note: Enter debias before credrs. General Journal Debit Credit Date January 01 View transaction list Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31