Bond Amortization Using the Effective Interest Method (16 points) On July 1, 2020, Minute Controls, Inc. issued $12,000,000 of 10 percent (stated or coupon Tue) is payable semiannually on June 30 and December 31. The bonds mature in 15 years. Minute Controls , Inc. is a calendar-year corporation. Minute Controls uses the effective interest method to amortize the discount. Prepare the journal entries to record bond-related transactions as of the following dates: (a) July 1, 2020 (issuance date) (b) December 31, 2020 (c) June 30, 2021