BOND TRANSACTIONS 1. Jan 1, 2019 Sold 10-year, 8% $400,000 bonds ad a yield of 10%. Interest is paid on Jan 1 and July 1 of each year. Use effective interest method of amortizing the discount or premium, if any. 2. Instead of being sol on Jan 1, 2019, assuming the bonds were sold on May 1, 2019, make necessary entries in the year 2019. 3. Assuming the bonds were sold on Jan 1 and the coupon rate was 10% while the yield is 8%, make necessary enties in the year 2019. 4. Using information in item 2, but the coupon rate as 10% while the yield is 8%, make necessary entries for the sale of the bonds