Question 4 of 10 < > View Policies Current Attempt in Progress -/1 E Indigo Corporation issued $610,000 of 6%, 10-year bonds on January 1, 2020, at face value. The bonds require annual interest payments each December 31. Costs associated with the bond issuance were $25,000. Indigo follows ASPE and uses the straight- line method to amortize bond issue costs. Prepare the journal entry for the January 1, 2020 issuance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Jan. 1, 2020 eTextbook and Media List of Accounts Debit Credit Prepare the journal entry for the December 31, 2020 interest payment and bond issuance cost amortization. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Dec. 31, 2020 Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: unlimited Submit Answer