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Homework: Chapter 9 Long-Term Liabilities Question 1, E9-15A (sim.. Part 3 of 3 HW Score: 18.33%, 18.33 of 100 points Points: 18.33 of 33 Save On January 31, 2018, Logo Logistics, Inc., issued ten-year, 5% bonds payable with a face value of $15,000,000. The bonds were issued at 92 and pay interest on January 31 and July 31. Logo Logistics amortizes bond discounts using the straight-line method. Read the requirement. 1,200,000 Discount on Bonds Payable Bonds Payable 15,000,000 Record the payment of semiannual interest and amortization of bond discount on July 31, 2018. Journal Entry Credit Debit 435,000 8 Date Accounts July 31 Interest Expense Cash Discount on Bonds Payable 375,000 60,000 c. Record the interest accrual and discount amortization on December 31, 2018. (Do not round intermediary calculations. Only round the amount you input in the call to the nearest whole dollar.) Journal Entry Debit Credit Date Accounts Dec 31 Interest Expense Interest Payable Discount on Bonds Payable Heln me solve this Demodocs example Get more heln Clear all Check