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On 1/1/20, Bond Co issued 6,000 units of its $1,00010-year 11% bonds. The bonds pay interest semi-annually, on 1/1 and 7/1, and at the date

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On 1/1/20, Bond Co issued 6,000 units of its $1,00010-year 11% bonds. The bonds pay interest semi-annually, on 1/1 and 7/1, and at the date of issuance the market rate was 12%. INSTRUCTIONS: SHOW ALL CALCULATIONS A. Determine the issuance price of the bonds B. Prepare the joumal entry to record the issuance of the bonds C. Prepare the amortization schedule for the effective interest method for 4 years D. Prepare the journal entries to record the 2020 interest payment and year-end accrual E. Prepare the journal entry to record the retirement of the bond at maturity F. Assume INSTEAD that the bonds were redeemed after 3 years @ 101, prepare the journal entry to record the redemption. prepare the journal entry to record the early redemption of the bonds @ 105

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