Question: Please write the solution clearly because sometimes not all the solved numbers appear (8 Grades) On 1/1/2020, Blue Company issued 5-year, 9% bonds with a

Please write the solution clearly because sometimes not all the solved numbers appear

(8 Grades) On 1/1/2020, Blue Company issued 5-year, 9% bonds with a par value of $1,000,000. The company received $900,000 in cash Interest is paid semiaually on 30 June and 31 December every year Required: (1) Prepare the journal entry to record the bonds issuance on 1/1/2020 (2) Prepare the journal entry to record the interest payment and the amortization of bond discount or premium on 306/2020 (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024 CLEARLY INDICATE THE DEBITS & CREDITS Example on January 2020, XYZ Company pays $10,000 cash to purchase and Answer 14122020 Dr Land 10.000 Crash 10 000 A 2 I. XO For the toolbar, press ALT-F10 (PC) or ALT-FN-F10 (Mac). Ara 10pt

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