Case 1 01-Apr-19 Bobby Inc. issued 150.00 bonds, each with a face value of $ 1,000.00 6.0% paid semi-annually on March 31 and September 30. 6.0% A stated annual interest rate of On the issue date, the market rate was The bonds mature in 3 years. Prepare the journal entries for the fiscal year-end December 31, 2019 to record: The bond issue, the interest payment and the accrual of interest. Date 01-Apr-19 30-Sep-19 31-Dec-19 General Journal Debit Credit Case 2 Simon Inc. issued bonds and received cash in full for the issue price with the following amortization schedule: Date 01-Aug-19 31-Jul-20 31-Jul-21 31-Jul-22 Cash paid for interest payament Interest expense Amortization Book value $ 10,565.72 500.00 316.97 183.03 10,382.69 500.00 311.48 500.00 305.83 188.52 194.17 10,194.17 10,000.00 2A Determine the bonds' annual stated interest rate 2B Determine the market rate (or the effective interest rate) 2C Prepare the journal entry for the issuance of the bonds and the accrual of interest for the fiscal year 2019. Date 01-Aug-19 31-Dec-19 General Journal Debit Credit