On February 1, 2018 Cromley Motor Products issued 10% bonds, dated February 1, with a face amount of $90 million. The bonds mature on January 31, 2022 (4 years). The market yield for bonds of similar risk and maturity was 12%. Interest is paid semiannually on July 31 and January 31. Barnwell Industries acquired $90,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31.use FVof 1$, PV of 1$ etc.)

the price of the bonds issued on February 1, 2018 is 84,410,100

1. Prepare the journal entries to record the issuance of the bonds by Cromley and Barnwells investment on February 1, 2018. Enter your answers in whole dollars.)

a. Record the issuance of the bonds by Cromley. On February 1, 2018

b. Record the Bond investment by Barnwell. On February 1, 2018