Balance Sheet Sept. 30, 2020 Current Liabilities: Current portion of LTD Interest Payable Long-term Liabilities: Bonds Payable Less Current Portion re to search Dallas Clothing Company issued $400,000 of 6% serial bonds on July 1, 2019, at face value. The bonds are dated July 1, 2019; they call for semiannual interest payments on July 1 and January 1; and they mature at the rate of $100,000 per year, with the first maturity date falling on July 1, 2020. The company's accounting period ends on September 30. A. Prepare the journal entry to record the issuance of the bonds on July 1, 2019. B. Prepare the adjusting entry needed on September 30, 2019. C. Prepare the journal entry to record the interest payment on January 1, 2020. D. Prepare the journal entry to record the interest payment of July 1, 2020 E. Prepare the journal entry to record the maturing of $100,000 of bonds on July 1, 2020 F. Prepare the adjusting entry needed on September 30, 2020. G. Show how the bonds would be presented in the company's balance sheet for September 30, 2020. A Jul-19 Cash Debit ($) Credit($) 400000 400000 Bonds payable 6000 B Sep-19 Bond interest expene a/c (400000 x 6%x 3/12) Interest payable 6000 Jan-20 Bond interest exp account Interest payable cash 6000 6000 12000 12000 D Jul-20 Bond interest expense account Cash 12000 100000 E Jul-20 Bonds payable account cash (Maturing of $100000 bonds) 100000 F Sep-20 Bond interest expense account ( $300000 x 6% * 3/12) 4500 Interest payable 4500