On January 1, 2020, Jupiter Co. issued $ 200,000,15%, 10 years bonds at face value. Interest is payable annually. Required: Prepare the entries for issuance, accrual, and payment of bond interest.( 24 points) Note: Write the numbers without commas SOLUTION: (a) Issuance of the bond entry on Jan 1, 2020:( 8 points) DATE ACCOUNT TITLES DEBIT Jan 1, 2020 $ A (b) The Accrual of interest on December 31, 2020:( 8 points) DATE ACCOUNT TITLES DEBIT Dec 31, 2020