IV$.$ Refer back to the information in Part III. Assume that Carson's year end financial statement date is March $31,2016.$

A$.$ Prepare the adjusting journal entry at March $31,2016,$ to record the accrual of interest and related amortization.

B$.$ Prepare the journal entry to pay the first interest payment on December $31,$ assuming reversing journal entries were posted at the beginning of the new year $($April $1,2016).$

C$.$ Prepare the journal entry to pay the first interest payment on December $31,$ assuming NO reversing journal entries were posted at the beginning of the new year $($April $1,2016).$