10.20 On 1 July 2018 Bombo Ltd issues $2 million in six-year debentures that pay interest each six months at a coupon rate of 8 per cent. At the time of issuing the securities, the market requires a rate of return of 6 per cent. Interest expense is determined using the effective interest method. REQUIRED (a) Determine the issue price. (b) Provide the journal entries at: (i) 1 July 2018