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on january 1, 2018, Micheal Unlimited issues 10%, 20 year bonds payable with a face...

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Accounting

on january 1, 2018, Micheal Unlimited issues 10%, 20 year bonds payable with a face value of $180,000. The bonds are issued at 102 and pay interest on June 30 and December 31 (Assume bonds payable are amortized using the straight line amortization method)
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Requirement 1. Journalize the issuance of the bonds on January 1, 2018. (Record debits first, ther Date Accounts and Explanation Debit Credit 2018 Jan. 1 Requirement 2. Journalize the semiannual interest payment and amortization of bond premium on June 30, 2018. Date Accounts and Explanation Debit Credit 2018 Jun 30 Requirement 3. Journalize the semiannual interest payment and amortization of bond premium on December 31, 2018. Date Accounts and Explanation Debit Credit 2018 Dec 31 Requirement 4. Journalize the retirement of the bond at maturity, assuming the last interest payment has already been recorded. (Give the date.) entry) Date Accounts and Explanation Debit Credit

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