EXCEL Celine Dion Company issued $600,000 of 10% , 20-year bonds on January 1, 2017 at 102. Interest is payable semiannually on July 1 and January 1. Dion Company uses effective-interest method of amortization for bond premium or discount. Assume an effective yield of 9.7705%

Prepare the journal entries to record the following. (Round to the nearest dollar.) (Use Excel.)

A) The issuance of the bonds.

B) The payment of interest and related amortization on July 1 2017

C) The accrual of interest and the related amortization on Decemeber 31 2017

USE EXCEL PLEASE!