Question: Learning Objectives 2, 3, 4 P-F:14-35A Analyzing and journalizing bond transactions June 30, 2024, Interest Expense On January 1, 2024, Educators Credit Union (ECU) issued

Learning Objectives 2, 3, 4 P-F:14-35A Analyzing and journalizing bond transactions June 30, 2024, Interest Expense On January 1, 2024, Educators Credit Union (ECU) issued 8\%, 20-year bonds payable with face value of $1,000,000. These bonds pay interest on June 30 and December 31 . $37,750 The issue price of the bonds is 109 . Journalize the following bond transactions: a. Issuance of the bonds on January 1,2024. b. Payment of interest and amortization on June 30, 2024. c. Payment of interest and amortization on December 31, 2024. d. Retirement of the bond at maturity on December 31, 2043, assuming the last interest payment has already been recorded

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