• On November 1, 2018, the company issued serial bonds at par. The face value of the issue was $400,000, and the coupon interest rate is 6%. Interest is paid semi-annually on May 1^st November 1st. The principal will be paid with eight annual equal payments of $50,000 on November 1 from 2019 through 2026.
• On April 1, 2019, the company purchased a building for $200,000 financed by a mortgage. The mortgage has a 6% annual rate of interest, a ten-year life, and requires equal quarterly payments on March 30^th, June 30^th, September 30^th, and December 31^st.

1. For the serial bond, prepare all required journal entries for 2018, 2019, and 2020.
2. For the mortgage:
3. Compute the required quarterly payment.
4. Prepare an amortization table for the life of the mortgage.
5. Prepare all required journal entries for 2019 and 2020.