1 Suppose Libro issued a four-year $16,000 bond with a stated interest rate of 5.50% when the market interest rate was 5%. Assume that the accounting year of Libro ends on June 30. Journalize the following transactions, including an explanation for each entry. a. Issuance of the bond payable on January 1, 2020 b. Accrual of interest expense on June 30, 2020 (rounded to the nearest dollar) c. Payment of cash interest on July 1, 2020 d. Payment of the bonds at maturity (give the date) a. Journalize the issuance of the bond payable on January 1, 2020. (Record debits first, then credits. Enter explanations on the last line.) Date Jan. 1, 2020 Accounts and Explanations Debit Credit b. Journalize the accrual of interest expense on June 30, 2020 (rounded to the nearest dollar). Date Jun. 30, 2020 Accounts and Explanations c. Journalize the payment of cash interest on July 1, 2020. Date July 1, 2020 Accounts and Explanations d Journalize the naumont of the honde at maturity (aivo the datal Debit Credit Debit Credit