Cullumber Company issued $670,000,8%,10-year bonds on January 1,2020 , at 106 . Interest is payable annually on December 31. Cullumber uses the straight-line method of amortization and has a calendar year end. Prepare all journal entries made in 2020 related to the bond issue. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually.) Prepare the appropriate journal entries for each of the following transactions in 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. On January 1,2014, Splish Brothers Cells issued bonds with a face value of $976,000. The bonds carry a stated interest of 6% payable each January 1. Prepare the journal entry for the issuance assuming the bonds are issued at 102. Current Attempt in Progress A corporation issues $237000,10%,5-year bonds on January 1,2020 , for $227100. Interest is paid annually on January 1 . If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2020 's adjusting entry is $23700 $25680 $1980 $21720