Bras, Inc.issued $100,000 face value bonds payable on September, 2012 at a price of $92,278. The bonds carried a stated annual interest rate of 8%, payable semi-annually on October 1 and April 1 of each year. On October 1, 2012, the effective market interest was 10%. On April 1, 2014, after recording interest and amortization, Bras called in 40% of the outstanding bonds, at call price of 99. Bras, Inc. uses the effective interest method to account for the bands.

REQUIRED: Prepare an amortization table for the bonds, from Oct. 1, 2012 through April 1, 2014. AND Prepare all of the journal entries that Bras, Inc. should record for the bonds from September 1, 2012 through September 2014.