Need all Journal Entries and Calculations, For Advanced Accounting Need all Journal Entries and Calculations, For Advanced Accounting

(35 Points) Cider Corporation owned 75% of the voting common stock of McIntosh, Inc. On January 1, 2018, Cider sold $1,000,000 in ten-year bonds to the public at $950,000 with a stated rate of 8%. The effective interest rate is 10%. McIntosh acquired 75% of these bonds on January 1, 2018, for $850,000 with an effective interest rate of 5%. Both companies utilized the effective interest rate method of amortization. Required: Prepare the issuer, buyer, and consolidation entries that would be required for these bonds on December 31, 2018 and 2019