The Barley Corp, issued a 10 year bond on December 31, 20x4 for total for total proceeds of $885,301. The bonds pay interest semi-annaully and interest is payable on June 30 and December 31 of every year. The coupon rate is 10%, the market interest rate at issuance was 12%. The face value of the total bond proceeds is $1,000,000. Barley Corp uses the effective interest method.

A) wirte the journal entry to record the proceeds from the issue of these bonds ond Dec 31, 20x4

B) Write the journal entre to record the inetrest payment on June 30 20x5 and December 31 20x5