h. Assuming the error was discovered at the beginning of January of 2020, prepare the necessary journal entry(ies) to correct the error.

Correcting entries for bonds transactions AAA Inc. recently hired a new accountant with extensive experience in tax accounting. Because of the pressures of the new job, the accountant was unable to review the topic of accounting for bonds payable. During the first year, he made the following entries for the issuance of new bonds and the two interest payments. DR CR 01/01/19 Cash 607,434 Accounts Payable (Issued $600,000, of 12%, 3-year bonds. Interest is payable semiannually on June 30 and January 1. The effective rate was 11.5%.) 607,434 06/30/19 Interest Expense 36,000 Cash (First semiannual interest payment) 36,000 36,000 12/31/19 Interest Expense Interest Payable (Second semiannual interest) 36,000