1. Red Company issued $300,000 of 8% bonds on January 1, 2018. The bonds are due on january Interest is payable on July 1 and December 31. The bonds were issued at 98. 2023. Prepare the journal entries for (a) January 1 (b) July 1 (c) December 31 Assume straight line amortization 2. Waverly Inc. has 10,000 shares outstanding of $10 par value. On July 1, Waverly reacquired 90 shares at $80/share. On September 1 they reissued 60 shares at $95/share. On November1, they reissued 40 shares at $o/share. 3. On January 1, 2016, Sawdust inc. issued $450,000 8% bonds due in 8 years. The bonds were issued for $403,440. They pay interest on July 1 and December 31. Use the effective interest method. Assume a market rate equal to 9%. Prepare journal entries for January 1, July 1 and December 31. 4. Coldwell Inc. had sales of $34,800 subject to 4% sales tax. Coldwell also had sales totaling S43.672 which included the 10% sales tax. Prepare the 2 sets of journal entries. 5. Bella Inc. paid vacation to its employees. By 12/31/2018, 20 employees had earned 3 weeks of vacation time. The average salary per week is $540. Prepare the journal entry. 6. Halsy Corporation had 10,000 shares of common stock outstanding on January 1. On July1, It issued 5,000 shares and on September 1, it reacquired 600 shares as treasury stock. What is the weighted average of common shares outstanding