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Davis Corp. issued 8% five-year bonds payable with a face amount of $100,000 when the market interest rate was 8%. Davis's fiscal year-end on December 31 . The bonds pay interest on January 1 and July 1 Read the requirement a. lssuanoe of the bonds payable at par on July 1, 2018 Journal Entry Date Accounts and Explanations Debit Credit 100,000 i Requirement 2018 Cash Jul 1 Bonds Payable 100,000 Journalize thefollowing transactions for Davis. Include an explanation for each entry a. Issuance of the bonds payable at par on July 1, 2018 b. Accrual of interest expense on December 31, 2018 c. Payment of cash interest on January 1, 2019 d. Payment of the bonds payable at maturity (give the date) To issue bonds at par b. Accrual of interest expense on December 31, 2018 Journal Entry (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanations Debit Credit Date 2018 Dec 31 Print Done