On August 1 20X6, SimcoCorp. issued bonds with the following characteristics.
a.	60,000	face value
b.	10%	nominal rate
c.	14%	yield rate
d.	Interest dates are 1 February, 1 May, 1 August, 1 November.
e.	Bond date is 31 October 20X5
f.	Maturity date is 1 November 20X10
Provide all entries required for the bond issue through 1 February 20X7 using the effective interest method. The company has a December 31 Year End
On June 1 20X8, Simco retired $30,000 of bonds at 98 through an open market purchase. Provide the entries to update the bond accounts in 20X8 (entries have been
completed through 1 May 20X8) for this portion of the bond and to retire the bonds.
Provide the entries required on 1 August 20X8.

its complete please have a look on full question..