Part 3 Case 1 C 01-Apr-19 D E Answer all the questions in the spaces provided (Yellow cells) Bobby Inc. Issued A stated annual interest rate of On the issue date, the market rate was The bonds mature in Prepare the journal entries for the fiscal year-end December 31, 2019 to record: The bond issue, the interest payment and the accrual of interest. H 150.00 bonds, each with a face value of $ 1,000.00 6.0% paid semi-annually on March 31 and September 30. 6.0% 7 years. 10 11 [1 Mark] Date 01-Apr-19 General Journal Debit Credit 12 13 14 15 12 Marks] 30-Sep-19 16 17 18 19 [2 Marks] 31-Dec-19 20 21 22 23 24 Case 2 Simon Inc. issued bonds and received cash in full for the issue price with the following amortization schedule: 25 26 Date Cash paid for interest payament Interest expense Amortization Book value 27 01-Aug-19 $ 10,282.86 28 31-Jul-20 400.00 308.49 91.51 10,191.35 29 31-Jul-21 400.00 305.74 94.26 10,097.09 30 31-Jul-221 400.00 302.91 97.09 10,000.00 31 + 32 ZA Determine the bonds' annual stated interest rate 33 [1 Mark 34 35 28 Determine the market rate (or the effective interest rate) 36 1 Mark 2C Prepare the journal entry for the issuance of the bonds and the accrual of interest for the fiscal year 2019. [1 Mark] Date 01-Aug-19 [2 Marks] 31-Dec-19 General Journal Debit Credit