Question: Question 3: (15 points: 3 points each from a to c and 6 points ond) A corporation is considering issuing $2,000,000 of 10%, 20-year bonds

Question 3: (15 points: 3 points each from a to c and 6 points ond) A corporation is considering issuing $2,000,000 of 10%, 20-year bonds dated June 1, 2020 with interest payment dates of December 1 and June 1. Prepare the journal entry to issue the bond in each of the following cases separately a) The bond is sold at par value on June 1, 2020 b) The bond is sold at 97 on June 1,2020. c) The bond is sold at 102 on June 1,2020. d) The bond is sold at par on September 1, 2020

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