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Record the entry to interest on june

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On January 1, 2021 , a company issued bonds for $17.9 million at 8% dated January 1, 2021, with a face value of $19.9 million. For bonds of similar risk and maturity, the market yield is 10%, interest is paid semiannually on June 30and December 31.

Problem 1: Record the entry to interest on June 30, 2021, using the effective interest method

Problem 2: Record the entry to interest on December 31, 2021 using the effective interest method

Reference no: EM132660662

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