On January 1st,2020, Marin inc.sold 12%bonds having a maturity value of $710,000 for $736241, which provides the bond holders with the 11% yield. The bonds are dated January 1,2020, and mature on January 1st,2025, with interest payable on January 1st of each year. The company follows IFRS and uses the effective interest method.

a) prepare the journal entry at the date of issue.

b) prepare schedule of interest expense and bond amortization for 2020 through2023.

it should be like this format.

Date. Credit cash. Dr. Interest exp.

Debit Bonds payable and carrying amount of bonds

c)prepare the journal entry to record the interest payment and amortization for December 31,2020 and January 1,2020.

d). Prepare the journal entry to record the interest payment and amortization for December 31,2022 and January 1,2023.