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Omni Video Corporation had the following bond issue: Date of issue/sale: May 1, 20-A Face value: $300,000 Sale price of bonds: 97 Life of bonds:

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Omni Video Corporation had the following bond issue: Date of issue/sale: May 1, 20-A Face value: $300,000 Sale price of bonds: 97 Life of bonds: 10 years Stated interest rate: 5% a year payable semiannually on October 31 and April 30 Required: Prepare the following general journal entries. The issuance of the bonds on May 1, 20-A. The interest payment and discount amortization on the bonds for October 31, 20-A. The redemption of bonds at the maturity date

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