On 1 July 2018 Rankin Ltd issues $1 million in 10-year debentures that pay interest each six months at a coupon rate of 10 per cent. At the time of issuing the securities, the market requires a rate of return of 12 per cent. Interest expense is determined using the effectiveinterest method. The debentures have been issued via private placement. Required: Prepare the general journal entries at: i. 1 July 2018 ii. 30 June 2019 iii. 30 June 2020