Sweet Ltd. issued a $1,062,000, 10-year bond dated January 1, 2020. The bond was sold at 99. 9% interest was payable on the bond on January 1 and July 1 each year. The companys year-end was December 31, and Sweet followed ASPE and chose to use the straight-line amortization method. Prepare the journal entries for the given dates.

Date	Account Titles and Explanation	Debit	Credit
January 1, 2020July 1, 2020December 31, 2020January 1, 2021
January 1, 2020July 1, 2020December 31, 2020January 1, 2021