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8 PA10-6 (Algo) (Supplement 10A) Recording Bond Issue, Interest Payments (Straight-Line Amortization). and Early Bond Retirement (LO 10-S1] On January 1 2021, Locp Raceway
8 PA10-6 (Algo) (Supplement 10A) Recording Bond Issue, Interest Payments (Straight-Line Amortization). and Early Bond Retirement (LO 10-S1] On January 1 2021, Locp Raceway issued 200 bonds, each with a face value of $1.000 a stated interest rate of 6 percent paid amaly on December it and a maturity date of December 31 2023. On the issue date, the market interest rate was 7 percent, so the total proceeds from the bond issue were $682831 Loop uses the straighe e bood amortization method and adjusts for any rounding Required Prepe a bond aortation schedule 25. hepare the journal entries to record the bond issue, the interest payments on December 31, 2021 and 2022, the interest and face payment on December 31 2023 and the bond retirement Assume the bonds are retired on January 1, 2023, at a price of 97 Complete this question by entering your answers in the tabe below 139102 Change Dam 5114 Bands Reg>
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