PART 4: BONDS 30 POINTS 1) Provide a definition of each of the following types of bonds. Bond Type Definition Term Serial Secured Debenture 2) If bonds with a face value of $209,000 are issued at 93, the amount of cash proceeds is 3) If bonds with a face value of $205,000 are issued at 110, the amount of cash proceeds is 4) On July 1, 2018, Mason & Beech Services issued $33,000 of 10% bonds that mature in five years. They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2018, what is the total amount paid to bondholders? 5) On January 1, 2019, Drake Services issued $20,000 of 8% bonds that mature in five years. The bands were issued at par. Prepare the journal entry to issue bonds. Omit explanation. 6) The balance in the Bonds Payable account is a credit of $67,000. The balance in the Discount on Bonds Payable account is a debit of $3350. What is the bond's carrying amount? 7) On January 1, 2018, Denver Services issued $20,000 of 8% bonds that mature in five years. The bonds were issued for $19,000. Prepare the journal entry to issue bonds. Omit explanation