Mega Industries Ltd, borrowed money by issuing a $80,000 6.9%, 10-year bond. Assume that Mega Industries issued the bond on March 1, 2020, at a price of 88. Also assume that Mega Industries's accounting year ends on August 31. Journalize the following transactions for Mega Industries, including an explanation for each entry: a. Issuance of the bonds on March 1, 2020 b. Accrual of interest expense and amortization of bonds on August 31, 2020. (Use the straight-line amortization method, and round amounts to the nearest dollar) c. Payment of the first semi-annual interest amount on September 1, 2020. a. Journalize the issuance of the bonds on March 1, 2020. (Record debits first, then credits. Enter explanations on the last line.) Journal Entry Accounts and Explanation Debit Credit 2020 Mar. 1