ABC Co is a Canadian public company. On December 31, 2016, the company issued $100,000, five-year bonds with a stated interest rate of 5%, when the market rate was 7%. Interests are paid on each December 31. The bond price was $91,799.61.

The amortization schedule for the bonds is as follows:

Date	Interest Payment	Interest Expense	Increase in CV	Carrying Value
December 31, 2016				$91,799.61
December 31, 2017	$5,000.00	$6,425.97	$1,425.97	$93,225.58
December 31, 2018	$5,000.00	$6,525.79	$1,525.79	$94,751.37
December 31, 2019	$5,000.00	$6,632.60	$1,632.60	$96,383.96
December 31, 2020	$5,000.00	$6,746.88	$1,746.88	$98,130.84
December 31, 2021	$5,000.00	$6,869.16	$1,869.16	$100,000.00

ABC Co. uses the gross method to account for its bonds.

Required: Do not round intermediate numbers and round the final values to the 2nd decimal place.

a) Prepare the journal entry to record the issue of these bonds on December 31, 2016.

Account	Debit	Credit
Blank 1. Fill in the blank, read surrounding text.	Blank 2. Fill in the blank, read surrounding text.
Blank 3. Fill in the blank, read surrounding text.	Blank 4. Fill in the blank, read surrounding text.
Blank 5. Fill in the blank, read surrounding text.		Blank 6. Fill in the blank, read surrounding text.

b) Prepare the journal entry related to the bonds on December 31, 2020.

Account	Debit	Credit
Blank 7. Fill in the blank, read surrounding text.	Blank 8. Fill in the blank, read surrounding text.
Blank 9. Fill in the blank, read surrounding text.		Blank 10. Fill in the blank, read surrounding text.
Blank 11. Fill in the blank, read surrounding text.		Blank 12. Fill in the blank, read surrounding text.

c) Prepare the journal entry to retire the bonds at maturity.

Account	Debit	Credit
Blank 13. Fill in the blank, read surrounding text.	Blank 14. Fill in the blank, read surrounding text.
Blank 15. Fill in the blank, read surrounding text.		Blank 16. Fill in the blank, read surrounding text.

d) On January 1, 2021, ABC Co. issued $100,000, 12%, 10-year bonds, when the market rate was 10%. Interests will be paid annually starting January 1, 2022. Calculate the bond price with the interest factors given in the attached table.

PV of Interest Payments:	$ Blank 17. Fill in the blank, read surrounding text.
PV of the principal amount:	$ Blank 18. Fill in the blank, read surrounding text.
Bond Price:	$ Blank 19. Fill in the blank, read surrounding text.