Question: I need help to solve this exercise Exercise # 1 XYZ Company issued $500,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest

I need help to solve this exercise

Exercise # 1 XYZ Company issued $500,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on June 30 and December 31. Dion Company uses the straight-line method of amortization for bond premium or discount. Instructions Prepare the journal entries to record the following: a. The issuance of the bonds. b. The payment of interest and the related amortization on June 30, 2020. c. The payment of interest and the related amortization on December 31, 2020

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