Refer to the bond situation of Gaz Mtropolitain in Exercise 15-24. Assume Gaz Mtropolitain issued the bonds

Refer to the bond situation of Gaz Métropolitain in Exercise 15-24. Assume Gaz Métropolitain issued the bonds at a price of 98.50 and that the company uses the effective interest amortization method. The company's year-end is December 31.

Required

1. Journalize the following bond transactions of Gaz Métropolitain:

2017

May 16 Issuance of the bonds.

Nov. 16 Payment of interest expense and amortization of the discount on the bonds payable. The market rate on the date of issuance was 9.2 percent.

Dec. 31 Accrual of interest expense and amortization of the discount on the bonds payable.

2. What is Gaz Métropolitain's carrying amount of the bonds payable at

a. November 16, 2017?

b. December 31, 2017?

c. May 16, 2018?