Journalize transactions for long-term notes payable, bonds payable and nortgages payable. Assume bonds payable are amortized using the straight-line amortization method unless stated otherwise. 2. Interest Exp. $6,600 On June 30, 2020 Porter Company issues 11%, five-year bonds payable with a face value of $120,000. The bonds are issued at face value and pay interest on June 30 and December 31 . Requirements 1. Journalize the issuance of the bonds on June 30 . 2. Journalize the semiannual interest payment on December 31 . 3. Journalize the repayment of the bonds on June 30,2025 . Assume the final interest payment has been made