Question: Hello can you please help me journalize these two transactions? 1.On July 1st, the corporation sold a $15,000, 5-year bond with a stated rate of

Hello can you please help me journalize these two transactions?

1.On July 1st, the corporation sold a $15,000, 5-year bond with a stated rate of 8%. The effective yield on the bonds is 10%. Interest on the bond is paid semiannually on January 1st and July 1st. The company uses the effective-interest method to amortize any bond discount or premium. *(Round your answer to the nearest whole dollar).

2.December 31st, interest on the bonds has accrued.

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