2020 Jan. 2 Issued 11 percent, 10-year bonds with a maturity value of $4,000,000. The bonds were sold at 99.00. 2 Signed a five-year capital lease on equipment. The agreement requires annual lease payments of $450,000, with the first payment due immediately. The present value of the five lease payments is $1,426,500 (10 percent is the interest rate) Jul. 2 Paid semi-annual interest and amortized discount by the straight-line method on the 11 percent bonds payable. Dec. 31 Accrued semi-annual interest expense and amortized discount by the straight-line method on the 11 percent bonds. 31 Recorded amortization on the leased equipment using the straight-line method (five years). 31 Accrued interest expense at 10 percent on the lease liability. 2030 Jan. 2 Paid the 11 percent bonds at maturity. (Ignore the final interest payment.) Journalize the transactions of Appledore Technologies Inc. January 2, 2020. Issued 11 percent, 10-year bonds with a maturity value of $4,000,000. The bonds were sold at 99.00. (Record debits first, then credits. Exclude explanations from journal entries. Round amounts to the nearest dollar.) Journal Entry Date Accounts Debit Credit 2020 Jan. 2