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Save the straight-line amortization method.) On June 30, Driftwood Limited issues 6%, 20-year bonds payable with a face value of $80,000. The bonds are issued at 90 and pay interest on June 30 and December 31. (Assume bonds payable are amortized using Requirements 1. Journalize the issuance of the bonds on June 30. 2. Journalize the semiannual interest payment and amortization of the bond discount on December 31. Date Accounts and Explanation Debit Credit Jun. 30 Cash 72,000 Discount on Bonds Payable 8,000 Bonds Payable 80.000 Issued bonds at a discount. Requirement 2. Journalize the semiannual interest payment and amortization of the bond discount on December 31. (Record debits first, then credits. Select explanations on the last line of the journal entry.) Date Accounts and Explanation Debit Credit Dec. 31 Clear all Check answer Help me solve this Demodocs example Get more help