Cadila suctions issues $1,000,000 face value, 6%, 5 year bonds payable on December 31, 2018. The interest amount paid is semi annually each on June 30 and December 31. Selling price of the bond is at...

Extracted text: Cadila suctions issues $1,000,000 face value, 6%, 5 year bonds payable on December 31, 2018. The interest amount paid is semi annually each on June 30 and December 31. Selling price of the bond is at $98 and the entity was using straight line method of amortizing bonds discount or in premium. Prepare journal entry at June 30, 2019, Journalize to record the first semiannual payment of interest and amortization of discount on the bonds.