Question 14 (8 Grades) On 1/1/2020, Blue Company issued 5-year 9% bonds with a parvake of $1,000,000 The company record June and 31 December every year Required: (1) Prepare the journal entry to record the bonds issuance on 1/1/2020 (2) Prepare the journal entry to record the inforest payment and the amortization of bond discount or permion (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024 CLEARLY INDICATE THE DEBITS & CREDITS Example, on 1 January 2020, XYZ Company pays $10,000 cash to purchase and Answer 112020 Dr Land 10,000 Cr. Cash 10,000 For the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac). B IVParagraph Anal V 10pt v ili I xo o as