申論題

(20%)四、 Walker Corporation issued 14%, 5-year bonds with a par value of $5,000,000 on January 1， 2009. Interest is to be paid semiannually on each June 30 and December 31. The bonds are issued at $5,368,035 cash when the market rate for this bond is 12%.

(3) Assume that Walker uses the effective interest method of amortization of any discount or premium on bonds. Prepare the general journal entry to record the first semiannual interest payment on June 30，2009.