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Kingbird Company issued $1,130,000,8%, 10-year bonds on December 31, 2019 for $1,084 800 Interest is payable annually on December 31. Kingbird uses the straight-line method

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Kingbird Company issued $1,130,000,8%, 10-year bonds on December 31, 2019 for $1,084 800 Interest is payable annually on December 31. Kingbird uses the straight-line method to amortize bond premium or discount. Prepare the Journal entries to record the following events. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) The issuance of the bonds. (6) The payment of interest and the discount amortization on December 31, 2020. Theredemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (0) Date Account Titles and Explanation Debit Credit

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