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can you please solve these parts of question Question 5 of 5 22.4729 View Policies Show Attempt History Current Attempt in Progress On January 1,

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Question 5 of 5 22.4729 View Policies Show Attempt History Current Attempt in Progress On January 1, 2021. Carla Vista Ltd. issued bonds with a maturity value of $8.400,000 when the market rate of interest was 4%. The bonds have a coupon (contractual) interest rate of 5% and mature on January 1, 2031. Interest on the bonds is payable semi- annually on July 1 and January 1 of each year. The company's year end is December 31. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annalty of 1 729 Your answer is partially correct. The bonds were redeemed on January 1, 2023 (after the interest had been paid and recorded) at 102. Prepare the journal entry for the redemption of the bonds. (Round answers to decimal places, eg. 5,275. 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 for the amounts.) Date Account Titles and Explanation Jan. 1 Debit Bonds Payable Credit 210000 Interest Payable 102 Cash To record redemption of bonds.) 100005 estion 5 of 5 22.4/29 Your answer is partially correct. Assume instead that the bonds were not redeemed on January 1, 2023. Record the entry for the repayment of the bonds on January 1, 2031. (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 for the amounts.) Debit Credit Date Account Titles and Explanation 8970251 jan. 1 Bonds Payable 4029653 Cash To record maturity of bond.) e Textbook and Media estion 5 of 5 22.4/29 x Nour answer is incorrect. What will be the total interest payment over the 10-year life of the bonds? What will be the total interest expense over the 10- year life of the bonds? (Round answers to 0 decimal places, eg. 5,275.) Interest Payment $ 2100000 Interest Expense $ 2100000 e Textbook and Media

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