If online submission rename 14 ABE 10 -16f Assign Bond Amort Tbl Issue JE Int pmt Xerox 2M file: Lname, Fname BondAmort Xerox Company Issues $ 2,000,000 9% 2 yr bonds at 97 Interest is payable on July 1st and January 1st, 2014. Straight-line method is used for amorization. Discount/Premium> Face, Price, Carry Value> Optional Work Bond Rate> Area # Periods > Prepare the bond amortization schedule. (Round to the nearest dollar.) A B % X Face 2 A+D Cash Interest Interest Period # Date Payment Expense D D-C D#periods Amount of Prem/Disc Amortizatn E Face +(-) D Bond Carry Value Un-Amortized Prem/(Disc) Issue Date >> Yrt July 1 Yr1 Dec 2 Yr2 July 3 Yr2 Dec 4 JE1: Prepare journal entry for sale of the bonds January 1, year1. Include explanation with all information required for someone to verify your amortization table. Date Account / Description Dr. Cr. JE2: Prepare journal entry to record bond interest payment on July 1st. Date Account / Description Dr. Cr. JE3: Prepare journal entry accrual of interest expense December 31st Date Account / Description Dr. Cr. JE4: Prepare journal entry to pay interest January 2, year2 Date Account / Description Dr. Cr. JE #5: Redeer Bonds @ 101 on Jan 1st year #2 assuming Bond Interest payment has been made. This is a test of your total understanding of using the bond amortization table and basic accounting principles. 'Critical thinking' is required. Explanation should contain all data needed for someone else who has the amortization table to verify the JE. Date Account/Description Dr. Cr