p9-58B. (Learning Objective 1: Account for bonds payable at a discount; amortize using the straight-line method) LO 1 Requirements 1. Journalize the following transactions of Lyons Communications, Inc.: 2018 Jan 1 issued $3,000,000 of 6%, 10-year bonds payable at 95. Interest payment dates are July 1 and January 1. by the straight-line method on the 6% bonds payable. bond discount by the straight-line method on the 6% bonds Jul Paid semiannual interest and amortized the bond discount bonddiscount by the straight-l pe nseand amortizedthe Dec 31 payable. 2019 Jan 1 2028 Jan 1 Paid semiannual interest. Paid the 6% bonds at maturity. 2. At December 31, 2018, after all year-end adjustments have been made, determine the 3. For the six months ended July 1, 2018, determine the following for Lyons a. Interest expense b. Cash interest paid What causes interest expense on the bonds to exceed cash interest paid