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3 points NG On 1/1/2020 Blue Company bonds with a par value of $400.000 The company received $320.000 in cash Interest is paid semiannually on

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3 points NG On 1/1/2020 Blue Company bonds with a par value of $400.000 The company received $320.000 in cash Interest is paid semiannually on 30 June and 31 Decemboravery year Required (1) Prepare the journal entry to record the bonds issuance on 11/2020 (2) Prepare the journal entry to record the intercot payment and the amortization of bond discount or premium on 30/6/2020 (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024 CLEARLY INDICATE THE DEUTS & CREDITS Example on January 2020. XYZ Company pays $10,000 cash to purchase and Antwer TATO Dr Land 10,000 Cu Cost 10.000 For the toolbar press ALT FOC ALTEN.F10 Mach gestion ins (8 Grade On 11/2020 Bru Company issued 5-year, 8% bonds with a par value of $400.000 The company received $320.000 in cash rett poidsman on 30 June and 31 December 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 30/6/2020 (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024

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