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On January 31, 2018, Driftwood Logistics, Inc., issued ten-year, 8% bonds payable with a face value of $11,000,000. The bonds were issued at 96 and pay interest on January 31 and July 31, Driftwood Logistics amortices bond discounts using the straight-line method. a. Record the issuance of the bond payable on January 31, 2018 Record debits first, then credits. Exclude explanations from any journal entries) Journal Entry Accounts Debit Credit Dats 31 b. Record the payment of semiannual interest and amortization of bond discount on July 31, 2018. Journal Entry Accounts Data Debit 31 Credit January 31, 2018, Driftwood Logistics, Inc., issued ten-year, 8% bonds payable with a fa- e straight-line method. + Record the issuance of the bond payable on January 31, 2018. (Record debits first, then cre Journal Entry Date Accounts Debit an 31 Accounts Payable b. Record the Bonds Payable July 31, 2018. Cash Date Debit July 31 Discount on Bonds Payable Interest Expense Interest Payable Premium on Bonds Payable Liablities and equity On January 31, 2018, Driftwood Logistics, Inc., issued ten-year, 8% bonds payable with a face value of $11,000,000. The bonds were issued at 98 and pay interest on January 31 and July 31. Driftwood Logistics amortizes bond discounts using the straight-ine method a Record the issuance of the bond payable on January 31, 2018. (Recond debits first, then credits Exclude explanations from anyjournal entries) Journal Entry Accounts Debit Credit Date Jan 31 h. Record the payment of semiannual interest and amortization of bond discount on July 31, 2016 Journal Entry Accounts Date Debi 3y 31 Cred

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