Question: On March 15, 20x1, an entity issues bonds with the following characteristics: Face Value $60,000,000 coupon rate 3% Yield to maturity 3.4% bonds dated December

On March 15, 20x1, an entity issues bonds with the following characteristics:

Face Value

$60,000,000
coupon rate 3%

Yield to maturity

 3.4%
bonds dated

December 31, 20x0

Maturity

 December 31, 20x20
Coupon payment dates Jun 30, Dec 31

Required -

Write the journal entries for this bond for the year 20x1

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