*a little urgent*

ABC Co. acquired the $100,000, 6% bonds on 2001/12/31. Market price of the bonds: $102,723 (including brokerage fee of $153). Effective interest rate is 5%. Bond interests are payable on 12/31. ABC attempts to collect the cash flows and sell. It prepares the following bond amortization schedule. ABC sold the bonds on 2004/9/30. Prepare related journal entries for each period.

HW2: ABC Co. acquired the $100,000, 6% bonds on 2001/12/31. Market price of the bonds: $102,723 (including brokerage fee of $153). Effective interest rate is 5%. Bond interests are payable on 12/31. ABC attempts to collect the cash flows and sell. It prepares the following bond amortization schedule. ABC sold the bonds on 2004/9/30. Prepare related journal entries for each period. Interest Premium Periods Cash Revenue Amortization Carrying Value 12/31/01 102,723 12/31/02 6,000 5,136 864 101,859 12/31/03 6,000 5,093 907 100,952 12/31/04 6,000 5,048 952 100,000 The fair market value of the bonds are as follows: Fair Market Periods Value 12/31/02 104,200 12/31/03 103,000 9/30/04 105,500