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Koresh Coep, issued $5,600.000,6%,10-yes bonds, dated April 1. with interest payment dates of September 30, and March 31 . A. Assume the bonds were issued

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Koresh Coep, issued $5,600.000,6%,10-yes bonds, dated April 1. with interest payment dates of September 30, and March 31 . A. Assume the bonds were issued at 96 on April 1, 2021. 1. Make the jourmal entry for April 1,2021 . 2. Make the joumal entry for 9.3017 if the straight method of amortization was being used. 3. Make the journal entry for 9/30/2021 under the effective interest metbod is being used, The market rate is 58%. 4. Make the adjusting entry for December 31,2021 (Assume the straight method is being used). 5. Make the entry for December 31, 2021. (Assurne the straight-line method is being used). B. Assume the bonds above were issued at 103 on April 1, 2021 1. Make the journal entry for April 1, 2021 2. Make the journal for Septensber 30, 2021 (if the straight-1ine oft method of amortization is being used). 3. Make the joumal entry for 9/30/2021 if the effective method of amortization is being used. (Assume the market rate was 456) 4. Make the adjusting eatry for December 31,2021 (Assume the straight-line method is being used) 5. Make the closing entry for December 31, 2021 (Assume the straight-line method is being used) PROBLEM III (10\%) On January 1, 2018, Soprano Corp. issued 51,000.000,10%,10-year bonds at 95. Soprano recorded the annual payment of interest and straight-line amortization of the diseount cach December 31s.. On January 1, 2018 Soprano retired the bonds recalling them at 104. REQUIRED: Prepare the joumal entry for the retirement of the bonds on January 1, 2022

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