On January 1, 2021, Grouper Corporation issued $925,000, 7%, 5-year bonds dated January 1, 2021, to yield 8%. The bonds pay semi-annual interest on January 1 and July 1. The company has a December 31 year end. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

(a) Calculate the selling price of the bond ; 960

Attempts: 1 of 1 used

(b)

Prepare all the journal entries that Grouper Corporation would make related to this bond issue from issue date through to January 1, 2022.

only answer part b