Exit Fullscreen Assignment 1 - Bond Transactions / Stock Transactions Complete the following assignment and submit your work to the dropbox. Record your responses on the spreadsheet template. Part 1 1. On January 1, 2016, Bernard Ltd. issues 600 4% bonds with a face value of $1 000. The bonds mature on December 31, 2025 and pay interest semi-annually. Prepare all the necessary journal entries to record the issue of the bonds for each of the following scenarios. bonds sold at 100 bonds sold at 103 .bonds sold at 98.4 2. Record the bond interest expense on June 30, 2017 for each of the above scenarios. 3. Record the retirement of the bonds on December 31, 2025. Part 2 Prepare all necessary journal entries for 2017 for Walker Corporation for their long-term equity investments. Acquired 10% of the 300,000 common shares of Bear Company at a total cost of $12 per share on January 1, 2017. On July 1, Bear Company declared and paid a cash dividend of $1.50 per share. Obtained significant influence over William's Company by buying 30% of Williams' 200,000 outstanding common shares at a total cost of $24 per share on January 1, 2017. On June 15, the William's Company declared and paid a cash dividend of $2.50 per share.