On January 1, 2014, North Company issued $900,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1. North Company has a calendar year end. Assume that on January 1, 2017, after paying interest, North calls the bonds at 103. On January 1, 2015, North had a second bond of $$500,000, 10%, 20 year bonds issued at 104. Instructions Prepare the following journal entries to record the 8% bond issue. (a) Issuance of the bonds. (b) Accrual of interest on December 31. (c) Payment of interest on January 1, 2016. (d) Record the redemption of the bonds. Prepare the following journal entries to record the 10% bond issue. (e) Issuance of the bonds Redemption of the bonds at maturity. Show all computations