Question: Please help, and I need clear steps, much appreciated! Foreman Cleaners issued 800,000 of 10%,20-year bonds on January 1,2019 , at 119.792 to yield 8%.

Please help, and I need clear steps, much appreciated!

Please help, and I need clear steps, much appreciated! Foreman Cleaners issued

Foreman Cleaners issued 800,000 of 10%,20-year bonds on January 1,2019 , at 119.792 to yield 8%. Interest is payable semiannually on July 1 and January 1. 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 July 1, 2019. c. The accrual of interest and the related amortization on December 31, 2019

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