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The Magill Company issued a $9,000,000, 20-year bond on January 1st of last year. The bond was sold at 92. The stated rate is 6%

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The Magill Company issued a $9,000,000, 20-year bond on January 1st of last year. The bond was sold at 92. The stated rate is 6% (compounded semi-annually) while the market rate was 10%. On April 1st of this year, the company redeemed $600,000 worth of bonds at 93. REQUIRED: Journalize the entries to 1) issue the bonds on January 1st, 2) record the first bond interest payment and bond amortization on July 1 5t, 3) record the second bond interest payment and bond amortization on December 315st, and 4) redeem the bonds on April 1st

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