PART-E On 1st January 2020, Trinket Limited issued 9%, 10-year bonds with a face amount of $3,000,000 for $2,880,000. Interest is payable annually on the 1st of January. The bonds were issued for an effective interest rate of 10%. (a) Prepare the entries to record the issuance of the bonds on 1st January 2020, and the first annual interest accrual and amortisation on 31 December 2020 (assuming that the company uses effective-interest amortisation). (b) Bonds are frequently issued at amounts greater or less than face value. Describe how the market interest rate, relative to the contractual interest rate, affects the selling price of bonds