Question 6 Partially correct Mark 4.00 out of 18.00 Flag question Edit question 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. Dr. Cr. 60,000 x X 0 X X 0 Date Account Name a. Jan. 1, 2020 Bonds Payable Cash Discount and Debt Issuance Costs b. June 30, 2020 Discount and Debt Issuance Costs Cash Interest Expense 54,619 X 5,381 x OX 0 x 125 x 2,400 0 2,525 x 0 x