Learning Objectives 2, 3,4 P14-41B Analyzing and journalizing bond transactions On January 1, 2018, Doctors Credit Union (DCU) issued 7%, 20-year bonds and payable with face value of $200,000. The bonds pay interest on June 30 3. June 30 Interest Expense $7,350 ecember 1. Requirements issues its bonds, will the bonds be I. If the market interest rate is 5% when DCU 2. If the market interest rate is 8% when DCU 3. The issue price of the bonds is 93. Journalize the following bond transactions priced at face value, at a premium, or at a discount? Explain. issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain a. Issuance of the bonds on January 1, 2018. b. Payment of interest and amortization on June 30, 2018. c. Payment of interest and amortization on December 31, 2018 d. Retirement of the bond at maturity on December 31, 2037, assuming the last interest payment has already been recorded. P14-42B Analyzing and journalizing bond transactions Learning Objectives 2, 3,4 On January 1, 2018, Electricians Credit Union (ECU) issued 8%, 20-year bonds e 30 Interest Expense $15,600 payable with face value of $400,000. The bonds pay interest on June 30 and December 31. The issue price of the bonds is 104. Journalize the following bond transactions a. Issuance of the bonds on January 1, 2018 b. Payment of interest and amortization on June 30, 2018. c. Payment of interest and amortization on December 31, 2018 d. Retirement of the bond at maturity on December 31, 2037, assuming the last intere 2037, assuming the last ten est payment has already been recorded