Recording Entries for Bonds Sold Between Interest Dates On May 1, 2020, Setup Inc. sold an issue of 5%, $3,500 bonds dated January 1, 2020, to yield 5%. The bonds pay interest every June 30 and December 31, and mature December 31, 2024 a. Provide journal entries to be made by Setup Inc. at each of the following dates. 1. May 1, 2020, bond issuance. 2. June 30, 2020, first interest payment. Note: List multiple debits credits (when applicable) in alphabetical order. Note: Round your answer to the nearest whole dollar, Account Name Dr. Cr Date a. May 1, 2020 June 30, 2020 0 b. Indicate the amount of interest expense to be recorded in the income statement of Setup Inc. for the six months ended June 30, 2020. 3 Please answer all parts of the question, Previous Save Answers Next