Suppose Scotiabank issued a six-year \(\$ 10,000\) bond with stated interest rate of \(6.25 \%\) when the market interest rate was \(61 / 4 \%\). Assume that the accounting year of Scotiabank ends on October 31. Journalize the following transactions, including an explanation for each entry.

a. Issuance of the bond payable on May 1,2020

b. Accrual of interest expense on October 31, 2020 (rounded to the nearest dollar)

c. Payment of cash interest on November 1,2020

d. Payment of the bonds at maturity (give the date)