In-class exercise 14-2: Bond discount/premium amortization and interest accounting Ajax issued $2,500,000 in bonds on January 1, 2014 at a stated rate of 4% and a yield of 5%. Interest is due on June 30th and December 31st of each year and the bond matures on December 31, 2015. 1. Prepare a journal entry for the issuance of the bonds on January 1, 2014. 2. Prepare a journal entry for the payment of interest on June 30, 2014. 3. Prepare a journal entry for the retirement of the bonds at maturity. 8/23/202