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I need the answer ASAP Question 4 [11 Marks 17 MINUTES! Biovac ICT solutions Limited, has successfully developed an application software to help medical doctors

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I need the answer ASAP

Question 4 [11 Marks 17 MINUTES! Biovac ICT solutions Limited, has successfully developed an application software to help medical doctors consult with patients remotely. To produce and market the programme to the health professional's council members, the company needs additional financing. Shareholders have contributed equity capital to start the company and develop the software On 1 January 2021, Biovac borrowed money as follows. 1. Biovac board issued R1 million, 10%. 10-year bonds at face value. Interest is payable annually on 5 January. II. Biovac board also issued a R400,000, 6%, 15-year mortgage payable to ABASA, a group of young accountants. The terms provide for annual instalment payments of R41,185 on 31 December. You are required: a) In respect of the 10-year, 10% bonds: Prepare general journals for the issuance of the bonds on 1 January 2021. L Prepare the journal entries for interest expense in respect of the reporting period ended 30 September 2021 [4.5 marks) b) For the mortgage payable: Prepare a payment schedule for the first three instalment payments. [6.5 marks)

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