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16) [12 potnts] On January 1, 2019, LV Company issued 8%, 20-year bonds with a face amount of $3,000,000 at 101. Interest, is payable semiannually on June 30 and December 31, LV Company uses the straight-line method to amortize bond premium or discount. The company's fiscal year ends December 31. Prepare the journal entries to record the issuance of the bonds and the first semiannual interest payment. Omit explanations