E14-4 (LO1) Entries for Bond Transactions-Straight-Line Celine Dion Company issued bonds on January 1, 2020. Interest is payable semiannually on July 1 and January 1. Dion Company uses the straight-line method of amortization for bond premium or discount. Pertinent information follows: Instructions: Par value of bonds Stated interest rate Term Issue price Prepare the journal entries to record the following. (a) The issuance of the bonds. Jan. 1 $ 600,000 10% 20 years 102 (b) The payment of interest and related amortization on July 1, 2020. Jul. 1 Debit Credit Debit Credit (c) The accrual of interest and the related amortization on December 31, 2020. Dec. 31 Debit Credit