Nuestion #2 On January 1, 2016 Ticktoc issued for par $4,000,000 in 20 year interest rate is 10%). Interest to be paid annually on December or par $4,000,000 in 20 year 10% bonds (current market annually on December 31st, each year. Prepare the journal entry to record the sale of bonds on January Prepare the journal entry to record the payment of Interest on December 31 Prepare the journal entry to record the repayment (or retirement) of Bonds on January 19, in 20 years