OCaHually on J ale is 12% Problem 10-4A Part 4 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet 2 Record the interest payment and amortization on June 30. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Bond interest expense 6,521 Discount on bonds payable wwwww Cash View general journal Clear entry Record entry Required information Problem 10-4A Straight-Line: Amortization of bond discount LO P2 The following information applies to the questions displayed below. Legacy issues $560,000 of 9.0 % , four- year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $507,831 when the market rate is 12 % Problem 10-4A Part 2 2. Determine the total bond interest expense to be recognized over the bonds' Iife Total bond interest expense over life of bonds: Amount repaid es $ 19,380,000 payments of Par value at maturity 57,000.000 Total repaid 57.000,000 50,805,000 Less amount borrowed Total bond interest expense 6.195.000