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answer asap On July 1, 2023, KHL Limited issued bonds with a face value of $1,070,000 due in 20 years, paying interest at a face

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On July 1, 2023, KHL Limited issued bonds with a face value of $1,070,000 due in 20 years, paying interest at a face rate of 9% on January 1 and July 1 each year. The bonds were issued to yield 11%. The company's year-end was September 30 . The company used the effective interest method of amortization. Click bere to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ORDINARY ANNUITY OF 1. (a) Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the premium or discount on the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5.275.) on bond Prepare a partial Bond Premium/Discount Amortization Schedule for KHL Limited. Only prepare the entries in the schedule for July 1, 2023, January 1, 2024, and July 1, 2024. (Round answers to 0 decimal places, e.g. 5,275.) Prepare the journal entry to record the issue of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e 8,5,275. List debit entry before credit entry.) Prepare the year-end accrual entry for GKD Limited at September 30, 2023. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e g. 5,275. List all debit entries before credit entries.) Prepare the journal entry on January 1,2024 when GKD makes the first payment of interest on the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. Round answers to 0 decimal places, es. 5,275. List all debit entries before credit entries.)

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