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On Jan. 1, 2020 ABC company borrows $800 by issuing a 6-year, 8% bond at face value. Required Prepare the necessary journal entries on the

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On Jan. 1, 2020 ABC company borrows $800 by issuing a 6-year, 8% bond at face value. Required Prepare the necessary journal entries on the following dates Jan 1, 2020 (issuance of the bond) Dec 31, 2020 (recording of interest) Jan 1, 2021 (payment of interest) ACCOUNT TITLES DEBIT CREDIT DATE Jan 1, 2020 DATE ACCOUNT TITLES DEBIT CREDIT Dec 31, 2020 S DATE ACCOUNT TITLES DEBIT CREDIT Jan. 1, 2021

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