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On March 1, 2021, Yogurt Ltd. issued $300,000, 6%, 10-year bonds at 105. The bonds pay interest semi- annually on September 1 and March
On March 1, 2021, Yogurt Ltd. issued $300,000, 6%, 10-year bonds at 105. The bonds pay interest semi- annually on September 1 and March 1. The company has a December 31 year end. Assume amortization of $900 and $860 respectively for the first two semi-annual interest periods. On March 2, 2022 the company redeemed the bonds at a price of $312,000. Instructions Prepare the journal entries that Yogurt Ltd. would make related to the bond issue on the dates indicated below. March 1, 2021 September 1, 2021 December 31, 2021 March 1, 2022 March 2, 2022
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