Cana Corp. purchased $49,800 of 4 percent bonds from XYZ Inc. on June 1, 2020. It paid $46,483 and intends to hold the bonds for three years or more. There were no brokerage commission fees. Interest is paid semi-annually on December 1 and June 1. Using the partial amortization schedule below, prepare the journal entries for June 1, 2020 and December 1, 2020. E: (Click on the icon for the partial amortization schedule.) Mak expl lits. Round your answer to the nearest dollar. Exclude Partial Amortization Schedule Begi Interest Period Unamortized Bond Annual Interest Period Received Interest Discount Discount Carrying Value 4.00% Revenue Amortization Balance 3,317 $ 46,483 Jun 1, 2020 Dec. 1, 2020 $ 996 $ 1,389 $ 393 2,924 46,876 47,284 Jouri Jun. 1, 2021 996 1,404 408 2,516 Print Done Choose from any list or enter any number in the input fields and then continue to the next question. ? Cana Corp. purchased $49,800 of 4 percent bonds from XYZ Inc. on June 1, 2020. It paid $46,483 and intends to hold the bonds for three years or more. There were no brokerage commission fees. Interest is paid semi-annually on December 1 and June 1. Using the partial amortization schedule below, prepare the journal entries fo June 1, 2020 and December 1, 2020. E: (Click on the icon for the partial amortization schedule.) Begin with the purchase of bonds to be held as a long-term investment on June 1, 2020. Journal Entry Date Accounts Debit Credit Jun. 1 Journalize the interest revenue received for the first six months on December 2020. Journal Entry Date Accounts Debit Credit Dec. 1 Journalize the amortization of the bond discount on December 1, 2020. Journal Entry Date Accounts Debit Dec. 1 Credit