Questiоns 1 - 5 shаre а cоmmоn fаct pattern: On 1/1/20, Evans Co. purchases a 8-year, $4,000,000 10% bond requiring semiannual interest payments from Godwin, Inc. Interest payments are to occur on 6/30 and 12/31 of each year. They classify this investment as “Trading”. Evans Co. pays an amount for the bond that creates an effective interest yield of 8%. Question 1: Please create the journal entry necessary on 1/1/20 to purchase the bond.