Question: Learning Objective 3 E14-23 Journalizing bond issuance and interest payments On June 30, Daughtry Limited issues 8%, 20-year bonds payable with a face value of

Learning Objective 3 E14-23 Journalizing bond issuance and interest payments On

Learning Objective 3 E14-23 Journalizing bond issuance and interest payments On June 30, Daughtry Limited issues 8%, 20-year bonds payable with a face value of $130,000. The bonds are issued at 86 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 and amortization of bond discount on 1. June 30 Discount $18,200 December 31

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