On Aprit 1, 2020, Quicke Mart issued $1,700,000,10% bonds at par plus acerued interest dated January 1,2020 . Interest is payable semi-annually on January 1 and July 1. The bondis mature on January 1,2027 Required: Prepare joumal entries to record the following transactions related to lang-lerm bonds of Quicke Mart: 1. The issuance of the bonds. 2. The first interest payments. Chart of Accounts 111 Cash 411 Sales Revenue 121 Accounts Receivable 141 Inventory EXPENSES 152 Prepaid Insurance 500 Cost of Goods Sold 181 Equipment 511 Insurance Expense 198 Accumulated Depreciation . 512 Utilities Expense 521 Salaries Expense LIABILITIES 532 Bad Debt Expense 211 Accounts Payable 540 Interest Expense 231 Salaries Payable 541 Depreciation Expense 250 Unearned Revenue 559 Miscellaneous Expense 255 Bonds Payable 910 Income Tax Expense . Chart of Accounts 211 Accounts Payable 540 Interest Expense 231 Salaries Payable 541 Depreciation Expense 250 Unearned Revenue 559 Miscellaneous Expense 255 Bonds Payable 910 Income Tax Expense 256 Premium on Bonds Payable 257 Discount on Bonds Payable 261 Interest Payable EQUITY 311 Common Stock 331 Retained Earnings GENERAL JOURNAL