Part II Assume that on April 1, 2019 Berry Corporation issued a $3,000,000, 20-year, 8% bond at 105 because the market rate was 6%. Interest is payable semi-annually. REQUIRED: Make the necessary journal entries for the following dates: May 1, 2019: The day the bond was issued. Oct. 31, 2019: The first interest payment under the straight-line method of bond discount amortization. Oct. 31, 2019: The first interest payment under the effective interest method of bond discount amortization. Dec. 31, 2019: The necessary adjusting entry under the straight-line method. Dec. 31, 2019 The closing entry under the straight-line method of amortization. PROBLEM III: On April 1, 2017, Tandler Corporation issued a $4,000,000, 10-year, 6% bond at 95. On January 1, 2020 Tandler recalled the entire bond issue at 102. REQUIRED: Make the necessary journal entry for January 1, 2020 the day the bond was retired