Question: pless fast, Question Question 15 Save (8 Grades) 8 points On 1/1/2020, Blue Company issued 5-year, 9% bonds with a par value of $1,000,000. The

pless fast,

pless fast, Question Question 15 Save (8 Grades) 8 points On 1/1/2020,

Question Question 15 Save (8 Grades) 8 points 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 semiannually 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 30/6/2020. (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024

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