Hello,

I am stuck on sections "Reg 4 Cromley'' and "Reg 4 Barnwell" (see below)

On February 1, 2021. Cromley Motor Products issued 9% bonds, dated February 1, with a face amount of $60 million. The bonds mature on January 31, 2025 (4 years). The market yleld for bonds of similar risk and maturity was 10%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $60,000 of the bonds as a long-term Investment. The fiscal years of both firms end December 31. (FV of $1, PV of $1, FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds issued on February 1, 2021. 2-a. Prepare amortization schedules that Indicate Cromley's effective Interest expense for each Interest period during the term to maturity 2-6. Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity 3. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwell's Investment on February 1, 2021. 4. Prepare the journal entries by both firms to record all subsequent events related to the bonds through January 31, 2023. Reg 1 Red 2A Reg 2B Reg 3 Req 4 Cromley Req 4 Barnwell Prepare the journal entries by Cromley to record all subsequent events related to the bonds through January 31, 2023. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Do not round intermediate calculations. Enter your answers in whole dollars.) No Date Credit Debit 2,903,053 July 31, 2021 General Journal Interest expense Discount on bonds payable Cash 203,053 2,700,000 December 31, 202 Interest expense Discount on bonds payable Interest payable o|o|ee| |e|o|e| |o|e|o January 31, 2022 Interest expense Interest payable Discount on bonds payable Cash July 31, 2022 Interest expense Discount on bonds payable Cash 5 December 31, 202 Interest expense Discount on bonds payable Interest payable o|e|ee| |oe|e| |ee|e January 31, 2023 Interest expense Interest payable Discount on bonds payable Cash Req 1 Req 2A Reg 2B Req3 Reg 4 Cromley Real Barnwell Prepare the journal entries by Barwell to record all subsequent events related to the bonds through January 31, entry is required for a transaction/event, select "No journal entry required in the first account field. Do not rouni intermediate calculations. Enter your answers in whole dollars. No Date Credit Debit 2.700 1 General Journal Cash Discount on investment in bonds July 31, 2021 Interest revenue December 31, 202 Interest receivable Discount on investment in bonds Interest revenue January 31, 2022 Cash Discount on investment in bonds Interest revenue Interest receivable July 31, 2022 Cash Discount on investment in bonds Interest revenue December 31, 203 Interest receivable Discount on investment in bonds Ceres revenue Interest revenue January 31, 2023 Cash Discount on investment in bonds Interest revenue Interest receivable