LOR-7. (Similar to problem 10B-4) TONG Incorporated issues 10-year bands with a face value of $300,000 and a stated annual interest rate of 10% paid semi-annually. The bonds sold at a price of 89 (89% of face value). The effective annual interest rate is 12%. Required: Prepare the bond amortization table for these bonds for the first four six-month periods. 10B-8. (Similar to problem 10B-5) For the situation described in 10B-7. assume that the bonds were issued on March 1, 20x1. Required: Use the amortization table to determine the entries required to record the September 1, 20x1 interest payment, the necessary December 31, 20x1 adjusting entries, and the March 1, 20x2 interest payment. 10B-9. (Similar to problem 10B-6) For the situation described in 10B-7 and 10B-8, assume that immediately after making the March 1, 20x2 payment TONG repurchases all the bonds for $200,000. Required: Show the entry necessary to record TONG's repurchase of the bonds. Kindly answer question 10B-8, it relate to question 103-7, 106-9 Chapter 10 Section B Kewuns ouoou op enuoy osob OB-8 and 10B-9 do Section Time: 4por Thursday Copied from previous page Amount Owed interest Amount Amount Owed Period (Beginning) Expense Paid (End) 2D0D16020 IS DOD 2626 1268 02. 0L I S 100 101 spoloIGI ISODO 10 0702416215 k Bond Problem 10B-8 and 10B-9 ent Value Cash Bands Payable Decount Tonds Payable - 540 2 20,000 67.000 10 IS DOD ) 209,000 The price of this bond is 93.5% of face value and is issued at a discount