On 1/1/2020. Blue Company issued 5-year, 9% bonds with a par value of $1,000,000. The company received 8900,000 in cash. Interest is paid semiannually on 30 June and 31 December every year Required: (1) Prepare the journal entry to record the bonds issuance on 1/1/2020 (2) Prepare the journal entry to record the interest payment and the amortization of bond discount or premium on 30/6/2020 (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024 CLEARLY INDICATE THE DEBITS & CREDITS Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase and Answer 1712020 Dr Land 10,000 Cr. Cash 10,000