please answer with correct and detailed calculations and explanations. make sure supporting statements are also provided for each step and calculation.

Recording Debt Issuance Costs Yale Corporation issued to Zap Corporation $60,000, 8% (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January 1, 2020. Assume that the company uses the effective interest amortization method and bond issuance costs are $1,500. If the bonds were sold to yield 9%, provide journal entries to be made at each of the following dates. a.January 1, 2020, for issuance of bonds. b. June 30, 2020, for the interest payment. + Note: List multiple debits or credits (when applicable) in alphabetical order * Note: Round your answers to the nearest whole dollar, Date LT R, ) Dr. Cr. a. Jan.1,2020 Cash $ v 54,957 x 0w Discount on Bonds Payable s x 5403 % 0 v Bonds Payable s v 0 v 60000 v b. | June 30, 2020 | Interest Expense : v 2457 % 0 v Discount on Bonds Payable : x 0v 57 % Cash : x ov 2400 %