On 1 July 2019, St Lucia Ltd issued $600,000 of 8% 6-year debentures. Interest is payable half- yearly on 31 December and 30 June each year. Required: a. Record the issue of the debentures in general journal, assuming allotment of all debentures on 1 July. No narration required. Record interest payments for 31 December and 30 June in the first financial year of issue and prepare the journal entry to close off the interest expense account for the financial period. No narration required