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On January 1, 2020. McGinty Sports Company issued $50,000 of sixyear, bonds when the market interest rate was. The bonds were issued for 547356. McGinty

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On January 1, 2020. McGinty Sports Company issued $50,000 of sixyear, bonds when the market interest rate was. The bonds were issued for 547356. McGinty uses the straight line interest method of amortization, Semiannual interest payments are made on June 30 and December of each year, Prepare the jour entries to record in the sunce of the bonds and the first Interest payment. (Round your answers to the nearest dollar numbers No explanations are required. Use the following format Date Accounts Debi Credit 01/01/20 06/30/20

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