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On June 1, 2021, the Healthy Lunch Co. sold $500,000 long-term bonds for $567,889. The bonds will mature in 8 years and pay interest semi-annually

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On June 1, 2021, the Healthy Lunch Co. sold $500,000 long-term bonds for $567,889. The bonds will mature in 8 years and pay interest semi-annually every June 1 and December 1. The bonds are to be accounted for under the effective interest method. The staff accountant has correctly prepared the following amortization schedule data. Use this data to answer the required: Date Interest expense Interest Payment Amortization amount 1-Jun-21 1-Dec-21 1-Jun-22 1-Dec-22 1-Jun-23 11,358 11,285 11,211 11,135 15,000 15,000 15,000 15,000 3,642 3,715 3.789 3,865 Carrying value 567,889 564,247 560,532 556,743 552,878 REQUIRED: (12). Prepare the journal entry on December 1, 2021. Use the drop-down boxes for account names. List debits before credits. Date Account Title Debit Credit 1/Dec/21 2). Prepare the journal entry on January 31, 2022, the year-end for Healthy Lunch Co. Use the drop-down boxes for account names. Round each Credit line to the nearest whole dollar (0 decimals. List debits listed before credits Date Account Title Debit 31/an/22 ROUND Each line to decimals USE THE ROUND FORMULA 3. What account and amount would Healthy Lunch show on its Income statement for the year-ending January 31, 20227 Account name Amount ($) (4). Show the proper presentation for all bond related liabilities on the January 31, 2022 statement of financial position. Use the drop down boxes to select the appropriate account name and classification. Classification Amount ($) Statement of Financial Account name Position (5). Assume on June 1,2023, Healthy Lunch Co. redeemed all of the $500,000 bonds prior to their maturity date. The redemption was performed at 102. All entries associated with the bond Interest and amortization were already made at this date (using the amortization schedule above). Prepare the corporation's journal entry to record the redemption of the bonds ONLY. Use the last line of the journal entry to record any gain/loss on redemption (only need to enter amount under appikariate Debitor Credit blue sell of last w

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