On July 1, 2019 Star Inc. issued a $756,000, 7%, five-year bond. Interest is to be paid annually. Assume Star Inc. has a year end of August 31, and the market interest rate is 9%. A partial payment schedule is shown below. Period Ending July 1, 2019 June 30, 2020 Payment 52,920 Interest 9% 62,745 Amortization of Discount 9,825 Balance 697,164 706,989 Record the following entries into the journal: a. The adjusting entry to accrue bond interest and discount amortization on August 31, 2019. b. The payment of interest on June 30, 2020.