On July 1, 2020AyayaiLimited issued bonds with a face value of $1,090,000due in 20 years, paying interest at a face rate of8% on January 1 and July 1 each year. The bonds were issued to yield10%. The company's year-end was September 30. The company used the effective interest method of amortization.

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1-Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV,calculate the premium or discount on the bonds.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.)

2-Prepare a partial Bond Premium/Discount Amortization Schedule forAyayaiLimited. Only prepare the entries in the schedule for July 1, 2020, January 1, 2021, and July 1, 2021.(Round answers to 0 decimal places, e.g. 5,275.)

3-Prepare the journal entry to record the issue of the bonds.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

4-Prepare the year-end accrual entry forAyayaiLimited at September 30, 2020.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

5-Prepare the journal entry on January 1, 2021 whenAyayaimakes the first payment of interest on the bonds.(Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)