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On January 31, 2021. Bounty Logistics, Inc., issued ten year, 8% bonds payable with a foce value of $9,000,000. The bonds were issued at $2

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On January 31, 2021. Bounty Logistics, Inc., issued ten year, 8% bonds payable with a foce value of $9,000,000. The bonds were issued at $2 and pay interest on January 31 and July 31. Bounty Logistics amortizos bond discounts using the straight-line method. Read the requirement a Record the issuance of the bond payable on January 31, 2021. (Record dobit first, then credito. Exclude explanation from any journal entries Journal Entry Accounts Debit Credit Date Jan 31 b. Record the payment of semiannual interest and amortization of bond discount on July 31, 2021 Journal Entry Date Accounts Debit Credit July 31 c. Record the interest accrual and discount amortization on December 31, 2021. (Do not round intermediary calculations Only round the amount you enter int the input field to the nearest whole dollar.) Journal Entry Date Accounts Debit Credit Dec 31 Assignments - X i Requirement 1. Record (a) the issuance of the bonds on January 31, 2021, (b) the semiannual interest payment and amortization of the bond discount on July 31, 2021, and (c) the interest accrual and discount amortization on December 31, 2021. Print Done

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