1-On January 1,2025, Nash Corporation issued $550,000 of 7%bonds, due 8years. the bonds were issued for $584,545, and pay interest each July 1 and January 1. the effective- line interest rate is 6%.

Prepare the company's journal entries for (a) the January 1 issuance, (b)the july 1 interest payment, and (c) the December 31 adjusting entry. Nash uses the effective-interest method.

2- On January 1,2025, sage corporation redeemed$430,000 of bonds at 99.At the time of redemption. the unamortized premium was $12,900.

Prepare the corporation journal entry to record the reacquisitions of the bonds.

3- waterway corporation issued a 4-years,$33,000,4% not to GREENBUSH company ON January 1,2025, and received a computer that normally sells for $22,636. the note requires annual interest payments each December 31. the market rate of interest for a note of similar risk is 15%.

prepare wateray's Journal entries for (a)the january 1 issuance and (b) the December 31 interest.