On July 1, ABC Berhad issues RM5,000,000 of 8%, 20-year bonds at 97. Interest is payable semiannually, on May 31 and November 30. Financial year ends on November 30. By using the effective interest method and the market interest rate is 9%, you are required to: i. ii. iii. iv. Identify is it bond premium or bond discount. Prepare the Journal entry to issue bonds. Prepare the amortization table until November 30. Prepare the journal entries of record the bond amortization for June 1 and November 30. (2 Marks) (4 Marks) (6 Marks) (8 Marks)