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Rational Corporation issued $2,000,000 face value 6 percent 10-year bonds on 1/1/2020. The bonds pay interest semiannually and were sold to yield 8 percent. The

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Rational Corporation issued $2,000,000 face value 6 percent 10-year bonds on 1/1/2020. The bonds pay interest semiannually and were sold to yield 8 percent. The bonds were purchased by Genius Company a. What is the issuance price of the bond? b. Prepare the entry that Rational will make to record the issuance of the bonds. C. Prepare the entry that Rational will make to record the first interest payment. d. Prepare the entry that Rational will make to record the second interest payment. e. Prepare the entry that Genius will make to record the purchase of the bonds. f. Prepare the entry that Genius will make to record the first interest payment. g. Prepare the entry that Genius will make to record the second interest payment. h. Record the entry that Genius will make to record the retirement of the bond at its maturity date

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