?? ? ?? ?? -r r r QUESTION 4 Ab scon Investment Banking Ltd. organized a bond issue for the DL Company. The size of the Nove with DL C issue was $3,000,000 with a stated interest rate of 8% payable on May 1 and mb er 1, for each of the next ten years. The bonds were issued on August 1, 2017 ompany receiving 109.5. DL Company amortizes bond premiums and discounts using the effective-interest method. On the date of issue the market interest rate was 6.7%. Prepare the following journal entries: The entry for DL Company to record the August 1, 2017 issue. Date Account /Explanation Debit Credit The entry on November 1, 2017 Date Account /Explanation Debit Credi The December 31, 2017 adjusting entry Date Account/Explanation Debit Cred