QUESTION DATA: On January 1, 2020, Quinton Corporation issued $600,000 of 7% bonds that are due in 10 years for $559,229. Interest will be paid semi-annually on July 1 and January 1. The company follows IFRS and uses the effective interest rate method with an effective rate of 8%. Quinton Corporation has a year-end of September 30th and has prepared the following CORRECT amortization schedule. Use this schedule to answer the following REQUIRED: Date Interest expense 1-Jan-20 1-Jul-20 1-Jan-21 Amortization Unamortized amount amount 40,771 1,369 39,402 1,424 37,978 Carrying value 559,229 560,598 562,022 22,369 22,424 PART B REQUIRED: (1). Record the journal entries from January 1, 2020 to January 1, 2021. Use Contra-Accounts for any bond premium or discount. Round EACH entry line to the nearest whole dollar (O decimals) using the ROUND formula where indicated. Credit