Recording Bonds Issued at a Premium- Effective Interest 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. If the bonds were sold to yield 7%, 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. Date Account Name a. Jan. 1, 2020 Cash Premium on Bonds Payable Bonds Payable b. June 30, 2020 Interest Expense Premium on Bonds Payable Cash x x " " " " Dr. Cr. 96,396 x 0 90,000 x 0 6,396 x 0 3,374 x 226 x 0 3,600 x