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on January 1, 2020,Go Fund Me, Inc., issued $500,000, 10 year, 16% bonds at 101. 1.Prepare the journal entry to record the bond issue. 2.Prepare

on January 1, 2020,Go Fund Me, Inc., issued $500,000, 10 year, 16% bonds at 101.

1.Prepare the journal entry to record the bond issue.

2.Prepare the journal entry to record the amortization of the bond premium and interest expense for the first year.

3.On January 1, 2022, Go Fund Me called 100% of its outstanding bonds and retired themat 105.

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