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4. On January 1, 2020, $1,250,000 of 10 year, 8% bonds, with interest payable semiannually (June 30 and January 1), were issued for $1,195,000. (15
4. On January 1, 2020, $1,250,000 of 10 year, 8% bonds, with interest payable semiannually (June 30 and January 1), were issued for $1,195,000. (15 points) a. Prepare the journal entry to record the issuance of the bond. b. Prepare the journal entry to record the semiannual interest payment on June 30, 2020, including amortization of the bond discount or premium, using the straight-line method
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