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9.1 On Jan. 1, 2018, UMPI, Inc. issued $600,000, of 10% bonds, due in 5 years. The bonds pay interest semi-annually on July 1 and

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9.1 On Jan. 1, 2018, UMPI, 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%. UMPI uses the effective interest method (see PV Tables next page). Prepare UMPI's 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, 2018, UMPI, 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%. UMPI uses the effective-interest method (see PV Tables next page). Prepare UMPI's 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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