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 $1,2016).$

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 $1,2016).$

III. Bonds Payable issue and amortization

Carson Company issued $$1,000,000$ of corporate bonds on January $1,2016.$ The bonds have a stated rate of $4$ percent, and a $10$ year life. The bonds were issued to yield $3$ percent. The bonds pay interest annually, each December $31,$ starting December $31,2016.$

A$.$ Calculate the issue price of the bonds at $\frac{1}{1}\frac{?}{16}.$ Show your assumptions for your calculations.

B$.$ Prepare an amortization schedule for the bonds through December $31,2017.$

C$.$ Prepare the following journal entries:

Issue of the bonds on January $1,2016.$

Payment of interest $($and related amortization$)$ on December $31,2016.$

Early retirement of the bonds on December $31,2017,$ for $101(101$ percent of face value$)$ after the second interest payment.

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 $1,2016).$

$($ I NEED QUESTION IV COMPLETED. Question IV uses information from question III!!$)$