Question: On June 30, Tower Company issues 8%, 20year bonds payable with a face amount of $100,000. The bonds are issued at 95 (this is great

 On June 30, Tower Company issues 8%, 20year bonds payable with

On June 30, Tower Company issues 8%, 20year bonds payable with a face amount of $100,000. The bonds are issued at 95 (this is great to given the 95% number instead of having to use the tables to arrive at the issue/sales price) and require interest payments on June 30 and Dec. 31. Requirement 1: Journalize the issuance of the bonds n June 30. {include a description) Q G r ournal 14000qu 6 Debit Credit Cash 95,000 4- | 5,000 Bonds Payable 100 000 Issued bonds at a

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