Exercise 14-9 The yellow cells in column F will indicate whether the amountis correct for Discounton Bonds Payable Show your work below for calculating the amounts in each journal entry. When Patey Pontons issued 8%bonds on January 1, 2021, with a face amountof $540,000, the marketyield for bonds ofsimilar risk and maturity was 11%. The bonds mature December 31,2024 (4 years). Interestis paid semiannually on June 30 and December 31. Prepare the necessary journal entries on the dates shown below. Debit Credit Issuance Date Account 1/1/21 Cash Discounton Bonds Payable Bonds Payable Debit Credit Interestexpense Date Account 6/30/21 Interest Expense Discounton Bonds Payable Cash Debit Credit Interestexpense Date Account 12/31/21 Interest Expense Discounton Bonds Payable Cash Debit Credit Interestexpense Date Account 6/30/22 Interest Expense Discounton Bonds Payable Cash Debit Credit Interestexpense Date Account 12/31/22 Interest Expense Discounton Bonds Payable Cash Debit Credit Interestexpense Date Account 6/30/23 Interest Expense Discounton Bonds Payable Cash E Debit Credit Interest expense Date Account 12/31/23 Interest Expense Discount on Bonds Payable Cash Debit Credit Interest expense Date Account 6/30/24 Interest Expense Discount on Bonds Payable Cash Debit Credit Interest expense Date Account 12/31/24 Interest Expense Discount on Bonds Payable Cash