Bonds Payable On November 1, 2019, Fields Corporation issued $800,000 worth of ten-year, 9 percent bonds. The semi-annual interest dates are November 1 and May 1. Because the market interest rate of similar investments was 8.5 percent the bonds were issued at a price of 103 Required: A Show the journal entry required to record the issue of the bonds. B. Show the journal entry required to record the interest payment on May 1, 2020 C. Calculate the amount to be recorded for interest expense on November 1, 2020. Use the effective interest method of amortization. Round answers to the nearest dollar