Baltastrol Inc. is a calendar year company. On January 1, 2020, the company issued at par $1,000,000 of 5 year, 6% bonds. Interest is payable annually on December 31. Prepare the journal entry to record the issuance of the bonds. Prepare the journal entry to record the payment of the interest on December 31, 2011. Prepare the journal entry to record the payment of the bonds when they mature on December 31, 2024