9. On March 1, 2020, UPO Company issues a bond with a face value of $1,600,000. The bond is a 10-year 6% bond. The market rate of interest is 8%. Because the market rate is higher than the bond rate, the bonds issue at a discount. The bond quote is: 86.41. The bonds pay interest semiannually. Interest dates are March 1 and September 1. The company's fiscal year end is December 31. The company's accountant uses the information above and produces the following effective interest table. Interest payment Semi-annual interest period 1-Mar-20 1-Sep-20 1-Mar-21 1-Sep-21 B Interest expense Discount amortization (B-A) 48,000 48,000 48,000 55,302 55,594 55,848 D Discount account balance (D-C) 217.445 210,143 202.549 194,651 7.302 7.594 7,898 E Bond balance (Prior period balance - 1,382,555 1,389,857 1,397,451 1,405,349 Instructions: a. Record the journal entry for the issuance of the bond. (March 1, 2020) b. Record the journal entry for the first interest payment. (September 1, 2020) c. Record the year-end adjusting journal entry. (December 31, 2020) d. Record the journal entry for the second interest payment. (March 1, 2021)