P10-7BPrepare entries to record issuance of bonds, interest accrual, and straight-line amortization for 2 years Fernetti Company sold $6,000,000, 9%, 20-year bonds on January 1, 2015. The bonds were dated January 1, 2015, and pay interest on January 1 and July 1. Fernetti Company uses the straight-line method to amortize bond premium or discount.The bonds were sold at 96.Assume no interest is accrued on June 30.