Bonds Issued at a Discount HH, Inc. prints up $1,000,000 of 4% bonds due in 20 years. But just before they sell the bonds on January 1, 2020, interest rates increase by 30 basis points to 4.30%. They sell the bonds at a discount and receive only $960,000 on January 1 Interest will be payable on June 30 and December 31 of each year. Please record the journal entry for the issuance of the bonds (3 points): Accounts Dr Cr Date 1/1/20 Memo: Sold $1,000,000, 4%, 20-year bonds at a discount Please record the journal entry for the first payment of interest on June 30. (Please assume that HH, Inc. had not made any previous adjusting journal entries to accrue for interest expense and that they are amortizing the discount on bonds payable using the straight-line method.) (3 points) Accounts Dr Cr Date 6/30/20 Memo: Made the first payment of interest on 20-year bonds