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9 . 1 On Jan. 1 , 2 0 2 3 , Moby, Inc. issued $ 6 0 0 , 0 0 0 , of

9.1 On Jan. 1,2023, Moby, Inc. issued $600,000, of 10% bonds, due in 5 years. The bonds pay interest semi-annually on July 1 and January 1. The bonds effective yield 8%. Moby uses the effective-interest method (see PV Tables next page). Prepare Mobys journal entries for a thru c.
A.The January 1 issuance
B.The July 1 interest payment
C.The December 31 adjusting journal entry
D.Prepare a full Bond Amortization Schedule
9.2 On Jan. 1,2023, Moby, Inc. issued $600,000 of 10% bonds, due in 5 years. The bonds pay interest semi-annually on July 1 and January 1. The bonds effective yield 12%. Moby uses the effective-interest method (see PV Tables next page). Prepare Mobys journal entries for a thru c.
A.The January 1 issuance
B.The July 1 interest payment
C.The December 31 adjusting journal entry
D.Prepare a full Bond Amortization Schedule
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