O Points: 0 of 8 Sunset Industries Ltd. borrowed money by issuing a $50,000 6.3%, 10-year bond. Assume that Sunset Industries issued the bond on January 1, 2020, at a price of 91. Also assume that Sunset Industries's accounting year ends on June 30. Journalize the following transactions for Sunset Industries, including an explanation for each entry: a. Issuance of the bonds on January 1, 2020. b. Accrual of interest expense and amortization of bonds on June 30, 2020. (Use the straight-line amortization method, and round amounts to the nearest dollar.) c. Payment of the first semi-annual interest amount on July 1, 2020. a. Journalize the issuance of the bonds on January 1, 2020. (Record debits first, then credits. Enter explanations on the last line.) Date January 1, 2020 Cash Bonds Payable Accounts and Explanation To issue bonds at face value. Debit Credit 91 91 Save all Final check