24. (12 points) On March 1, 2020, Mitchell Inc. issued 60,6\%, 51,000 bonds dated March 1, 2020 for $62,626. The bonds pay cash interest semiannually each Awgust 31 , and february 28 , and were issued to yield 5%. The bonds mature February 28,2025 , and the company uses the effective interest method to amortize bond discounts or premiums. The partial amortization schedole is as follows: Required: Prepare journal entries on the following dates. Round to the nearest dollar. 1. March 1, 2020, bond issuance. 2. August 31,2020, interest payment