On 1/1/2020 bule company issued 5year 8% bond with a per value of 400000the company received 320000in cash interest is paid semiannualy on 30 June and 31 December every year

On 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 disc (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024. CLEARLY INDICATE THE DEBITS BGR Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase land nswer 10,000 Land Cr Cash 10,000