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please explain how to find cash,bond payable, and interst expense Cornerstone Exercise 9-32 (Algorithmic) Bonds Issued at a Discount (Effective Interest) Sicily Corporation issued $650,000

please explain how to find cash,bond payable, and interst expense
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Cornerstone Exercise 9-32 (Algorithmic) Bonds Issued at a Discount (Effective Interest) Sicily Corporation issued $650,000 in 8% bonds (payable on December 31, 2029) on January 1, 2020, for $617,500: Interest is paid on June 30 and December 31. The market rate of interest is 99% Required: Prepare the journal entries for December 31, 2020 and 2021. Round amounts to the nearest whole dollar Dec 31, 2020 Interest Expen Discount on Bonds Payable Cash Dec 31, 2001 The motion table provides the d o ts necessary to complete the many

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