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. Cr. Dr. 54,957 X X 0 Date Account Name a. Jan. 1, 2020 Cash Discount on Bonds Payable Bonds Payable b. June 30, 2020 Interest Expense Discount on Bonds Payable Cash 60,000 5,403 x 0 2,457 X 0 X 57 x 2,400 x