part b ) can you please solve

more information. the issue price of the bonds is 5,047,350. can you solve this.

Prepare the adjusting entry for December 31, 2021. Use the effective-interest method. (Credit account tities are automatically indented when the amount is entered. Do not indent manually.) On January 1,2021 , Pina Co, issued ten-year bonds with a face value of $5,700,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31 . The bonds were sold to yield 12%. Table values are