Question 16 On January 1, 2020, Gunne Corporation issued $800,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1. Gunne Corporation has a calendar year end. Prepare all entries related to the bond issue for 2020 and January 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Dehit Credit Jan. 1, 2020 Dec. 31, 2020 Jan 1, 2021