5 - Bond Redemption at Maturity Date a) If the Einstein Corporation pays the principal on the ten-year bond at the end of 10 years, December 31 , 203X after the last interest payment was paid and journalized, journalize this payment under the following conditions: 1) Journalize the entry if the market or effective rate of interest on Januarv 1,202X is also 8%. L 2) Journalize the entry if the market or effective rate of interest on January 1,202X is 10%, and the corporation receives $485,000 in cash when issuing the Bonds. E 3) Journalize the entry if the market or effective rate of interest on January 1,202X is 6%, and the corpora receives $510,000 in cash when issuing the Bonds