On June 30, 2020, Teal Company issued 53.660,000 face value of 13%, 20-year bonds at $3,935,340, a yield of 12%. Teal uses the effective interest method to amortize bond discount. The bonds pay semiannual interest on June 30 and December 31. (a) Your answer is correct Prepare the journal entries to record the following transactions. (Round answer to o decimal places, e..18,508. Il no entry is required, select "No Entry for the acom and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) The issuance of the bonds on June 30, 2020 (2) The payment of interest and the amortization of the premium on December 31, 2020 (3) The payment of interest and the amortization of the premium on June 30, 2021. (4) The payment of interest and the amortization of the premium on December 31, 2021. No, Date Account Titles and Explanation Debut Credit (1) June 30, 2020 393340 Premium on Bonds Pay 275340 Bonda Povable 3660000 (2) December 31, 2020 Interest Expense 256120 Premium on Bonds Payable 1780 Cash 237000 (3) June 30, 2023 Interest Expens 235034 by Study Provide the answers to the following questione. (1) What amount of interest expenses reported for 2017 (Round answer to decimal places... 38,548) Interest expert reported for 2021 (2) will the bond interest expense reported - 2021 be the same as, greater than less than the amount that would be reported the straight line method of action werewed The bond met een reported in 2021 will be the amount that would be reported if the straight le method of amortation www ) Dermatol.com/browing over the life of the bandoute de les 40 Total cost hown ver the life of the bond