On September 1, 2021, Evansville Lumber Company issued $80 million in 20-year, 10 percent bonds payable. Interest is payable semiannually on March 1 and September 1. Bond discounts and premiums are amortized at each interest payment date and at year- end. The company's fiscal year ends at December 31 Required: 6-1. Prepare the necessary adjusting entries at December 31, 2021, and the journal entry to record the payment of bond interest on March 1, 2022, under the assumption that the bonds were issued at 98. a-2. Prepare the necessary adjusting entries at December 31, 2021, and the journal entry to record the payment of bond interest on March 1, 2022, under the assumption that the bonds were issued at 101 b. Compute the net bond liability at December 31, 2022, under assumptions a-1 and a-2 above. c. Under which of the following assumptions would the investor's effective rate of interest be higher? 1. The bonds were issued at 98. 2. The bonds were issued at 101. Complete this question by entering your answers in the tabs below. Req Al Req A2 Reg B- Req C A Prepare the necessary adjusting entries at December 31, 2021, and the journal entry to record the payment of bond interest on March 1, 2022, under the assumption that the bonds were issued at 98. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount Enter you answers in dollars not millions.) View transaction list Journal entry worksheet 2 Record semiannual bond interest payment and interest expense for two months. Note: Enter debits before credits. Date Mar 01, 2022 General Journal Debit Credit Show less A Journal entry worksheet Record semiannual bond interest payment and interest expense for two months. Note: Enter debits before credits. Date Mar 01, 2022 General Journal Debit Credit Record entry Clear entry Req A1 View general journal Req A2 >