Remaining Time: 1 hour, 53 minutes, 51 seconds. Question Completion Status: med the test L Moving to another question will save this response Question 2 (8 Grades) On 1/1/2020, Blue Company issued 5-year, 9% bonds with a par value of $1,000,000. The company received 5000,000 in cash. Interest is paid comanually on 30 June and 31 every year. Required: (1) Prepare the journal entry to record the bonds issuance on 1/1/2020. (2) Prepare the journal entry to record the interest payment and the amortization of bond discount or premium on 30/6/2020 (3) Prepare the journal entry to record the repayment of bonds on 31/12/2024 CLEARLY INDICATE THE DEBITS & CREDITS Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Answer 1/1/2020 Dr. Land 10,000 Cr. Cash 10.000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph xx T Arial v 10pt 15 BY Ex A Q BP