Question: On January 1 , 2 0 2 0 , Cameron Corporation issued five - year, 6 % bonds payable with a face value of $

On January 1,2020, Cameron Corporation issued five-year, 6% bonds payable with a face value of $2,100,000. The bonds were issued at 94 and pay interest on January 1 and July 1. Cameron
amortizes bond discounts using the straight-line method. On December 31,2022, Cameron retired the bonds early by purchasing them at a market price of 96. The company's fiscal year ends on
December 31.
Road tho ranuiraments.
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Requirement 1. Journalize the issuance of the bonds on January 1,2020.(Record debits first, then credits. Exclude explanations from any journal entries.)
On January 1,2020, Cameron Corporation issued five-year, 6% bonds payable with

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