2. Al-Teeb Company issued OR 40,000, 3.5%, 15-year bond payable at 104 on January 1, 2018 Required: a. Journalize the issuance of the bond payable on January 1, 2018 b. Journalize the payment of...

2. Al-Teeb Company issued OR 40,000, 3.5%, 15-year bond payable at 104 on January 1, 2018

Required:

a. Journalize the issuance of the bond payable on January 1, 2018

b. Journalize the payment of semiannually interest and amortization of the bond discount or premium on July 1, 2018.