Exercise 14-11 The yellow cells in dumFwill indicate whether the amount is comect for Discount on Bands Payable. Show your work below for calculating the amounts in each journal entry. On February 1, 2021, Strauss-Lombard issued 9% bonds, dated February 1, with a face amount of $520,000. The bonds sold for $588,810 and mature on January 31, 2041 20 years). The market yield for bonds of similar risk and maturity was 10%. Interest is paid semiannually on July 31 and January 31. Strauss Lombard's fiscal year ends December 31. Prepare the necessay joumal entries on the dates shown below. Issuance Date 2/1/21 Debit Credit Account Cash Discount on Bonds Payable Bonds Payable Debit Credit Interest compense Date Account 7/31/21 Interest Expense Discount on Bonds Payable Cash Debit Credit Interest pense Date Account 12/31/21 Discount on Bonds Payable Interest expense Date 1/31/22 Account Debit Credit Discount on Bonds Payable