1) Basil Company issued $640,000,6%,5-year bonds for 104 , with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year? A) $665,600 B) $640,000 C) $660,480 D) $678,400 2) On January 1, 2017, Anthony, Corporation issued $800,000 of 7%,5-year bonds at 97 . with interest paid annually. Using the straight-line amortization method, what is the carrying value of the bonds one year later on January 1, 2018? (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.) A) $776,000 B) $787,200 C) $780,800 D) $819,942 3) Darla's Cookie Emporium borrowed money by issuing $200,000 of bonds at 96 on January 1, 2017. The bonds pay interest on January 1 and July 1 . The stated rate of interest is 5% and the bonds mature in 10 years. Any discount or premium is amortized using the straight-line method. Required: Prepare journal entries on the following dates: 1. January 1,2017 2. July 1,2017 3. December 31,2017 , the fiscal year end 4. January 1,2018 4) On January 1, 2017, Tarantino Corporation issued $4,000,000,9%,5-year bonds at 96 . The bonds pay semiannual interest on January 1 rnd July 1. Tarantino uses the straight-line method of amortization and has a calendar year t. Required: Prepare all the journal entries that Tarantino Corporation would make related to this bond issue through January 1, 2018. Omit explanations. 5) On January 1, 2018, Gadsby Cabinetry Company purchases $300,000 of equipment by paying $50,000 in cash and signing a 10 -year mortgage note at 13% for the balance. Gadsby will make yearly payments of $46,072. Prepare the amortization schedule for the above transaction