1. On January 1, 2021, KL Corporation issued 400 of its $1,000, ten-year, 9% bonds. The bonds were dated January 1, 2021, and interest is paid annually each December 31. The bonds were issued at 99. Prepare the entry to record the issuance of the bonds on January 1, 2021. Where bonds issued at par, at a premium, or at a discount (how do you know?)

2. On March 31, 2021 Gopher Corp. retired bonds early by repurchasing them in the market for $9,700,000. The total face value of the bonds retired equaled $10 million and there was $450,000 of unamortized discount on these bonds. Prepare the journal entry to retire the bonds.

3. On January 1, 2021, U.S. Bank Stadium issued $100,000 of its ten-year, 6% bonds payable at $98,000. The bonds were dated January 1, 2021, and interest is paid each December 31. A. Prepare the journal entry for the sale of the bonds. point. B. Prepare the journal entry to record the first interest payment. Assume straight-line amortization and no adjusting journal entries were made during the year. ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________