This Test: 145 pts possible Mega Industries Ltd borrowed money by issuing a $40,000 6.7%, 10 year bond. Assume that Mega Industries issued the bond on January 1, 2020, at a price of 89. Also assume that Mega Industries's accounting year ends on June 30. Journalize the following transactions for Mega Industries, including an explanation for each entry a. Issuance of the bonds on January 1, 2020 b. Accrual of interest expense and amortization of bonds on June 30, 2020. (Use the straight-line amortization method, and round amounts to the nearest dollar) c. Payment of the first semi-annual interest amount on July 1, 2020 a. Journalize the issuance of the bonds on January 1, 2020 (Record debits first, then credits. Enter explanations on the last line.) 2020 Jan Journal Entry Accounts and Explanation Debit Credit b. Journalize the accruar of interest expense and amortization of bonds on June 30, 2020 (Use the straight-line amortization method and round amounts to the nearest dollar) Journal Entry 2020 June 30 Accounts and Explanation Debit Credit Choose from any list or enter any number in the input fields and then continue to the next