P$14-2($L$01,2)$ Issuance and Redemption of Bonds

Venezuela $Co.$ is building a new hockey arena. Information concerning the arena follows.

$($b$)$ Prepare a bond amortization schedule up to and including January $1,2023,$ using the effective interest method.

$($c$)$ Assume that on July $1,2022,$ Venezuela Co$.$ retires half of the bonds at the reacquisition price given

Entry for redemption