(Entries for Bond Transactions) On January 1, 2020, Aumont Company sold 12% bonds having a maturity value of $500,000 for $537,907.37, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2020, and mature January 1, 2025, with interest payable December 31 of each year. Aumont Company allocates interest and unamortized discount or premium on the effective-interest basis.

a) Prepare the journal entry for the issuance of the bonds using the information presented (i.e, Bonds issued at $537,907)

b) Prepare the journal entry for the issuance of the bonds assuming the bonds were issued at 97

c. Prepare the journal entry to record the interest payment and the amortization for 2020.

d. Prepare the journal entry to record the interest payment and the amortization for 2022.