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P12-35A Analyzing and journalizing bond transactions On January 1 , 2018, Educators Credit Union (ECU)...

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P12-35A Analyzing and journalizing bond transactions On January 1 , 2018, Educators Credit Union (ECU) issued 8%, 20-year bonds payable with face value of $1,000,000. These bonds pay interest on June 30 and December 3 The issue price of the bonds is 109, Journalize the following bond transactions: a. Issuance of the bonds on January 1, 2018. b. Payment of interest and amortization on June 30, 2018. c. Payment of interest and amortization on December 31, 2018. d. Retirement of the bond at maturity on December 31, 2037, assuming the last interest payment has already been recorded P12-42B Analyzing and journalizing bond transactions On January 1, 2018, Electricians Credit Union (ECU issued 8%, 20-year bonds payable with face value of $400,000. The bonds pay interest on June 30 and December 31. The issue price of the bonds is 104. Journalize the following bond transactions: a. Issuance of the bonds on January 1,2018. Payment of interest and amortization on June 30, 2018 c. Payment of interest and amortization on December 31, 2018. d. Retirement of the bond at maturity on December 31, 2037, assuming the last ine est paymenc has already been recorded

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