Hare Corp. issued 9% five-year bonds payable with a face amount of $40,000 when the market interest rate was 9%. Hare's fiscal year-end on December 31. The bonds pay interest on January 1 and July 1. Read the requirement a. Issuance of the bonds payable at par on July 1, 2018 Journal Entry Date Accounts and Explanations 2018 Cash Jul 1 Bonds Payable Credit Debit 40,000 40,000 isions Giuliana Matam apter 9 Graded Homework 3 of 10 (2 complete) H ends payable with a face amount of $40,000 when the market interest rate was 9%. Hare's fiscal and July 1. at paron July 1 2018 Requirement an Journalize the following transactions for Hare. Include an explanation for each entry a. Issuance of the bonds payable at par on July 1, 2018 b. Accrual of interest expense on December 31, 2018 c. Payment of cash interest on January 1, 2019 d. Payment of the bonds payable at maturity (give the date) (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Print Done y number in the input fields and then click Check Answer. Clear All