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on january 1, 2020, SASA company issued 10% bonds with face amount of 5, 000, 000 for 5, 300, 000. Interest is payable annually on

on january 1, 2020, SASA company issued 10% bonds with face amount of 5, 000, 000 for 5, 300, 000. Interest is payable annually on december 31 and the bonds will mature on december 31, 2023. On december 31, 2020, bonds with face amount of 1, 000, 000 were retired at 95. the entity used the straight-line method of amortization.

Prepare journal entries in 2020 and 2021

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