5) Genl ink Investment Banking Ltd. organized a bond issue for the Jin Company. The size of the issue was $2,000.00 with a stated interest rate of 6% payable on June l and December 1, for each of the next ten years. The bonds were issued on August 1,2014 with Jin Company receiving 89 1/2. Jin Company amortizes bond premiums and discounts using the effective interest method. On the date of issue the market interest rate was 75%. Prepare the following journal entries a) b) c) The entry for Jin Company to record the August 1,2014 issue. The entry on December 1, 2014. The December 31, 2014 adjusting entry. Answer General Journal Debit Credit Date Accounts a) Aug. 1 b) Dec. I c) Dec. 31