Accounting ll-Magic Knowledge Assessment-Chapters 12-14 10. A company purchased two new delivery vans for a total of $210,000 on January s 210,000, 3-year, 8% note for the remaining balance. schedule below. Record the journal entry for 12-31 Year 3 payment on the no 1, Year 1. The company signed a The note is to be paid in accordance with the amortization e payabl Payment End Balance 12/31/Year 1 12/31/Year 2 12/31/Year3 145,313 210,000 145.313 75,451 16,800 $64,687 $81,487$145,313 11,625 69,862 81487 75.431 6.036 75.451 81,437 a. A company previously issued $2,000,000, 10% bonds, receiving a $120,000 premium. On the current year's b. A company issued $100,000 callable bonds that require a $5,000 premium to paid in addition to the par value c. BONUS: On January 1, $300,000 of par value bonds with a carrying value of $310,000 is converted to 50,000 11. Record the journal entries for the retirement of bonds under the following separate (unrelated) situations: interest date, after the bond interest was paid; the bonds had a carrying value of $2,072,000. The company purchased the entire bond issue on the open market for $1,960,000 and retired it Currently, the bonds have a carrying value of 104,500 and are called in. The company pays the par value plus call premium for a total of $105,000 cash. shares of $5 par value common stock