14 Grade) On 1/1/2020, Blue Company issued 5-year, 9% bonds with a par value of $1,000,000. The company received $300,000 in cash, Interest is paid t every year Required: (1) Prepare the journal entry to record the bonds' issuance on 1/1/2020 (2) Prepare the journal entry to record the interest payment and the amortization of bond discount or premium on 30/2020 (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024 CLEARLY INDICATE THE DENITS & CREDITS Example on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Answer 14/2020 Dr. Land 10,000 Cr Cash 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN-F10 (Mac BIVS Paragraph Arial 10p < hp A nally in and 31 Decembe