Mercury Corporation had the following bond transactions during the fiscal year 2020: On January 1: issued forty $20,000 bonds at 103. The 5-year bonds are dated January 1, 2020. The contract interest rate is 5%. Straight-line amortization method is used. Interest is payable semi-annual on January 1 and July 1. On July 1: Mercury Corporation issued $500,000 of 5%, 10-year bonds. The bonds dated January 1, 2020 were issued at 95, and pay interest on July 1 and January 1. Straight-line amortization method is used. On October 1: issued 10-year bonds $10,000 face value bonds, for $12,000 cash. The bonds have a stated rate of 3%. Straight-line amortization method is used. Interest is payable on October 1 and April 1. Requirements: Prepare all general journal entries for the three bonds issued and any interest accruals and payments for the fiscal year 2020. (Round all calculations to nearest whole dollar.)

Date	Account	Debit	Credit