Lok issued $8\%,80,000$ bonds on February $1,2024.$ The bonds pay interest each July $31$ and January $31$ and were issued to yield $7\%$ to investors. The bonds mature on January $31,2034.$

Compute the amount of cash Lok will receive when it issues these bonds.

Prepare an amortization schedule that shows how the discount or premium on the bonds will be amortized over their term.

Prepare journal entries required on the following dates:

February $1,2024-$ issuance of the bonds.

July $31,2024-$ date of the first interest payment.

December $31,2024-$ accrual of interest through the end of the fiscal year.

January $31,2025-$ date of the second interest payment.

January $31,2034-$ the date the principal is repaid.

What would be the entry to record the issuance of the bonds if they are not issued until March $1($that is$,$ between interest dates$)?$

Under the original assumption $-$ that the bonds are issued February $1,2024-$ How much would it cost Lok to pay off the bonds early $($by repurchasing them from the open market$)$ on August $1,2030$ if the market interest rate on that date is $6\%?$

Give the journal entry that would be required to account for the early repayment, and comment on the interpretation of any gain or loss that would be recorded.

If Lok had to pay $$3,000$ in legal, accounting, and registration fees in connection with the issuance of the bonds, explain how Lok would account for those costs on the date of issue