P12-13 (similar to) Question Help Sea Escape Travel Inc. issues $3,600,000 of five-year, 12% bonds dated January 1, 2021. Interest is payable on January 1 and July 1 each year. The proceeds realized from the issue were the $3,280,000 sales price less the $50,000 fee charged by Sea Escape's investment bank. Sea Escape's year-end is December 31. Required a. Prepare the journal entry to record the issuance of the bonds on January 1, 2021. Date Jan. 1, 2021 Accounts Debit Credit Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts remaining Required Prepare journal entries to record: a. the issuance of the bonds. b. payment of interest and related amortization on July 1, 2021. c. accrual of interest and related amortization on December 31, 2021. (Round all currency amounts to the nearest dollar. Record debits first, then credits. Explanations are not required.) Clear All Print Done Check Answer