I also have to put all of these into general journals

• Record the payment of interest for Cromley Company.
• Record the accrued interest for Cromley Company.
• Record the payment of interest for Cromley Company.
• Record the payment of interest for Cromley Company.
• Record the accrued interest for Cromley Company.
• Record the payment of interest for Cromley Company.

• Record the receipt of interest for Barnwell Company.
• Record the accrued interest for Barnwell Company.
• Record the receipt of interest for Barnwell Company.
• Record the receipt of interest for Barnwell Company.
• Record the accrued interest for Barnwell Company.
• Record the receipt of interest for Barnwell Company.

On February 1, 2021, Cromley Motor Products issued 6% bonds, dated February 1, with a face amount of $65 million. The bonds mature on January 31, 2025 (4 years). The market yleld for bonds of similar risk and maturity was 8%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $65,000 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 approprlate 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-b. 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 Reg 2A Reg 2e Reg 3 Req 4 Cromley Reg 4 Barnwell Prepare amortization schedules that indicate Barnwell's effective interest revenue for each interest period during the term to maturity. (Do not round intermediate calculations. Enter your answers in whole dollars.) Payment Number Cash Payment Effective Interest Increase in Balance Outstanding Balance 1 2 3 4 5 6 7 8 Totals S 0 $ 0 S 0 Journal entry worksheet 2 Record the Bond investment by Barnwell. Note: Enter debits before credits. Date General Journal Debit Credit February 01, 2021 Record entry Clear entry View general journal