P owns 80 percent of S shares since the beginning of 2016. In early 2020, the two companies bought bonds issued by each other's affiliation companies. P buys 50% of OSX2016 bonds issued by S. S buys 50% of OPX2015 bonds issued by P. The relevant data for both bonds are as follows:

	OPX2015 Bonds	OSX2016 Bonds
Bond issuers	P	S
Bond issue date	January 1, 2015	January 1, 2016
Bond maturity date	January 1, 2025	January 1, 2024
Nominal value	5.000.000	4.000.000
Discount balance on bonds payable (1/1/2019)	300.000	2000
Bond discount amortization method	Straight Line	Straight Line
Interest rates	12%	12%
Interest payment date	January 1, July 1	January 1, July 1
Date of bond purchase by P/S	January 1 , 2020	January 1 , 2020
Nominal bonds purchased S	2.500.000
Nominal bonds purchased by P		2.000.000
The purchase price paid by S	2.750.000
The purchase price paid by P		2.300.000

Note:
Support your answers with adequate calculations and explanations.

1. Question:
   
   1. Make a journal during 2020 for P in posting investment in bonds transactions related to OSX2016 bonds he bought. Also, make a journal during 2020 for S in posting payable bonds transactions related to OSX2016 bonds issued.
2. 
   2. Make a journal by P in 2020 in the application of special equity methods related to transactions between companies OSX2016 Bonds.
3. 
   3. Create an elimination journal in the working paper for the preparation of special consolidated financial statements related to transactions between OSX2016 Bonds.