On January 2 2012 Horst Corporation issued tenyear 8

On January 2 2012 Horst Corporation issued tenyear 8 percent bonds with a face value of 1000000 The semiannual interest dates are June 30 and December 31 The bonds were issued for 875480 to yield a market interest rate of 10 percent The accounting year ends on December 31 Prepare entries in journal form without explanations to record the bond issue on January 2 2012 and the payments of interest and amortization of discount on June 30 and December 31 2012 Use the straightline method of amortizati