Sage Inc issued a 5620.000. 7.5 percent, 6-year bond payable at a price of 90.5 on January 1, 2020. Journalize the following transactions for Sage Inc. Include an explanation for each entry Sage uses the straight-line method to amortize the bond discount a. Issuance of the bond payable on January 1, 2020. b. Payment of semi-annual interest and amortization of bond discount on July 1, 2020 a. Record the issuance of the bond payable on January 1, 2020. (Record debits first, then credits. Select the explanation on the last line of the journal entry table) Journal Entry Date Accounts Debit Credit Jan 1 Cash . 620000 Bonds Payable 620000 Issued bonds payable at par value