he board of directors of Martin Production Co. Lld. authorizes the issuance of 10 percent, to-yoar bonds with a maturity value of $18,000,000. The semi-annual interest dates are May 31 and overnber 30. The bonds are issued through an underwrisor on June 30, 2020, at par plus acorved interest from June 1, 2020. Martin's year end is December 31 . equited Required 1. Joumatize the following transactions: s. from journal entries. Round amounts to the nearest dollar.) a. Isouance of the bonds on June 30,2020 . b. Payment of interest on November 30, 2020. c. Accrual of interest on December 31, 2020. d. Payment of interest on May 31, 2021. 2. Report interest payacle and bonds payable as they would appear on the Martin Produstion Co. Lis, balance shoet at December 31, 2020 . 1. Why do we nged to accrue interest on June 30 and again on Decenber 31; twice in 2020