5 1 Using the Snipping Tool as described in your instructions please snip a copy of the Assignment question 2 from the Wiley Plus Assignment and paste it in the spi 2. provided below. Note that given the formating of the information the copy and paste function may not be appropriate Mo's Motor Corp. issued $ 380,000 of 7%.5-year bonds on April 1, 2021. Interestis payable semi-annually on April 1 and October 1 on April 1, 2023, Immediately after making and recording the semi-annual interest payment. Mo's redeemed the bonds. Below is a partial amortization schedule for the first few years of the bond issue Mo's Motor Corp Bond Discount Amortization Schedule Bond Interest Interest Amortized Interest Period Payment Expense Amortization Cost 1 . 2021 $364,589 30 01 Oct 2021 $13.000.00 $14.583.57 $120.5 365a7287 16 DI A2022 13.300.00 14,634.91 1334.91 367.207.70 01 Oct 2022 13,300.00 14. 13 31 368.596.00 01 Apr 2023 13,300.00 1424384 144304 370.039.03 19 Using the above Wiley Plus question pleme enter the appropriate Information from the question into the appropriate boxes below: 20 Data from the Wileyla Alignment Ouestion ? 10 11 > 14 15 IE 21 Oute of the bond istud 2 Face amount o band Alms in the parts be MUST be referent to your dot the left. Used formulas for all amounts including dates, 19 Using the above Wiley Plus question please enter the appropriate information from the question into the appropriate boxes below Data from the WileyPlus Assignment Question ? 20 Date of the bond in we face amount of bond All me in the ports below MUST be called to write to the left. Un femus all amount including dan Coupon stated) Term of the band in year) Calculate the market rate of interest for this band found your answer to 2 decimal places...) marks Check the calculation for the interest rate on the bonding the acetate function and the band information from the question Bonusmart Starting with AB, 2021. Prepare and complete the band amortisation du CALCULATE ALL CELL AMOUNTS USING FORMULAS He notretype the amount from above (3) Anount of motion Date of Interest Payment Interest Twente och or premium Bond at Amated cost 17 A MUST herference to your database facel formules for at Starting with April 1, 2021, prepare and complete the bond amortization schedule - CALCULATE ALL CELL AMOUNTS USING FORMULAS do not retype the amounts from above (3 marks) Amount of amortition Date of payment Interest Payment Interest Expense of discount or premium Bond at Amortized Cost All items in this schedule MUST be cell referenced to your data above. Uw bacal formulas for all amounts including dates Calculate the selling price of the bonds as a percentage of face value. Was the band sold at a premium or discount? (Round your answer to 2 decimal places, 2.75%) 2 marks Prepare the journal entry to record the wuance of the Bonds and the first interest payment. (4 marks) Date Account Name Debit Credit Calculate the selling price of the bands as a percentage of face value was the band sold at a premium or discount? Hound your answer to 2 decimal places,.,2.75%) 2 marka Prepare the journal entry to record the lance of the Bonds and the first interest payment. (4 marks) Date Account Name Debat Credit Prepare the journal antycented at December 31, 2022 in this the company year and marks) and the entry tl.2011mark) Date Account Name Deb Credit Prepare the journal entry required at December 31, 2022 assuming this the company's year end (3 marks) and the entry at Apel 1, 2022 marks) Date Account Name Debit Credit D 1 5 3 + Demonstrate what would be reported on the Balance Sheet of the Company at December 31, 2022 with respect to these bonds be very specific with respect to assification Decont names and amounts that would be reported. (4 marks) 10 35