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please answer all!! PA10.6 (Algo) (Supplement 10A) Recording Bond Issue, Interest Poyments (Straight-Line Amortization), and Early Bond Retirement [LO 10-S1] On January 1, 2021, Loop

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PA10.6 (Algo) (Supplement 10A) Recording Bond Issue, Interest Poyments (Straight-Line Amortization), and Early Bond Retirement [LO 10-S1] On January 1, 2021, Loop Raceway issued 500 bonds, each with a face value of $1,000, a stated interest rate of 7 percent paid annually on December 31, and a maturity date of December 31, 2023. On the issue date, the market interest rate was 8 percent, so the total proceeds from the bond issue were $487,099. Loop uses the straight-line bond amortization method and adjusts for any rounding errors when recording interest in the final year. Required: 1. Prepare a bond amortization schedule. 2.5. Prepare the joumal entries to record the bond issue, the interest payments on December 31,2021 and 2022 , the interest and face value payment on December 31,2023 and the bond retirement. Assume the bonds are retired early on January 1,2023 instead of at their maturity date of 12/31/2023, record the entry to retire the bonds early assuming a price of 99 Complete this question by entering your answers in the tabs below. Prepare a bond amortization schedule. Prepare the journal entries to record the bond issue, the interest payments on December 31,2021 and 2022 , the interest and face value payment on December 31,2023 and the bond retirement. Assume the bonds are retired early on January 1 , 2023 instead of at their maturity date of 12/31/2023, record the entry to retire the bonds early assuming a price of 99 . (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 5 Record the issuance of 500 bonds at face value of $1,000 each for $487,099. Note: Enter debits before credits. Record the interest payment on December 31, 2021. Note: Enter debits before credits. Journal entry worksheet Record the interest payment on December 31, 2022 . Note: Enter debits before credits. Journal entry worksheet Record the interest and face value payment on December 31, 2023. Note: Enter debits before credits. Journal entry worksheet Record the retirement of the bonds early on January 1, 2023 at a quoted price of 99 . Note: Enter debits before credits

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