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Mellilo Corporation issued $5,400,000 of 20-year, 9.5 percent bonds on July 1, 2015, at 98. Interest is due on June 30 and December 31 of

Mellilo Corporation issued $5,400,000 of 20-year, 9.5 percent bonds on July 1, 2015, at 98. Interest is due on June 30 and December 31 of each year, and all of the bonds in the issue mature on June 30, 2035. Mellilo's fiscal year ends on December 31.

a-c.

Record the issuance of the bonds and entries to be passed post the issue. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

I have already completed the transactions, but the computer is telling me the parts in red are wrong. Can some one please explain what I did wrong? image text in transcribed

view transaction list journal entry worksheet Date General Journal July 01, 2015 Cash Discount on bonds payable Bonds payable Dec. 31, 2015 Bond interest expense Discount on bonds payable Cash June 30, 2035 Bond interest expense Discount on bonds payable Cash June 30, 2035 Bonds payable Cash Debit Credit 5,292,000 108,000 5,400,000 259,200 2,700 256,500 259,200 2,700 256,500 5,400,000 54,000,000

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