Cheakamus Company sells $100,200 of 14%, 24-year bonds for 96 on April 1, 2020. The market rate of interest on that day is 14.50%. Interest is paid each year on April 1. Cheakamus Company uses the straight-line amortization method On December 31 2020, Cheakamus Company made the following adjusting entry: (Click the icon to view the journal entry.) Write the journal entry required at April 1, 2021 (Record debits first, then credits. Explanations are not required. Round your answers to the nearest whole dollar.) Journal entry Journal Entry 2021 Accounts Debit Credit Journal Entry . 1 Accounts Debit 2020 Credit 10.646 Dec 125 31 Interest Expense Discount on Bonds Payable Interest Payable 10 521 Print Done