Question: On June 3 0 , Powell Company issues 9 % , 1 0 - year bonds payable with at face value of $ 4 0

On June 30, Powell Company issues 9%,10-year bonds payable with at face value of $40,000. The bonds are issued at face value and pay interest on June 30 and December 31.
Requirements
Joumalize the issuance of the bonds on June 30.
Journalize the semiannual interest payment on December 31.
Requirement 1. Joumalize the issuance of the bonds on June 30.(Record debits first, then credits. Select explanations on the last line of the journal entry.)
Requirement 2. Journalize the semiannual interest payment on December 31.(Record debits first, then credits. Select explanations on the last line of the joumal entry.)
\table[[Date,Accounts and Explanation,Debit,Credit],[Dec.31,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
On June 3 0 , Powell Company issues 9 % , 1 0 -

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