(Grades) On 1/1/2020, Blue Company issued 5-year, 9% bonds with a par value of $1,000,000. The company tocoived 5000,000 in ca June and 31 December every year. Required: (1) Prepare the journal entry to record the bonds' issuance on 1/1/2020. (2) Prepare the journal entry to record the interest payment and the amortization of bond discount or premium on 30/6203 (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024. CLEARLY INDICATE THE DEBITS & CREDITS Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Answer 1/1/2020 Dr. Land 10,000 Cr. Cash 10,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph v Arial 10pt iii > A2 points a par value of $1,000,000. The company received $900,000 in cash. Interest is paid semiannually on 30 n 1/1/2020. and the amortization of bond discount or premium on 30/6/2020. s on 31/12/2024. Y INDICATE THE DEBITS & CREDITS purchase land !!! > < A T Xe ***