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2. On January 1, 2022, the Ryder Company issued $600,000 (face value) of eight-year bonds at $675,367 to yield an effective annual interest rate of

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2. On January 1, 2022, the Ryder Company issued $600,000 (face value) of eight-year bonds at $675,367 to yield an effective annual interest rate of 6%. The stated annual interest rate is 8%, and interest will be paid semiannually on June 30 and December 31 . The Ryder Company uses Required ( 22 points): a. Prepare the joumal entry(ies) to record the issuance of the bonds on January 1, 2022. b. Prepare a bond premium amortization schedule for the first 2 years of the bond life using the effective interest method. c. Prepare journal entries required on June 30 and December 31,2022 , d. On January 1, 2024, the company redeemed all $600,000 (face value) of the bonds at $630,000. Prepare the joumal entries to record the redemption of the bonds

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