please show full calculations and working for all the 3 questions and for all the parts 
Prepare entries to record issuance of bonds, interest accrual, and straight-line amortization for 2 years. (LO 4,5) *P15-6A Paris Electric sold $3,000,000, 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually on January 1. Paris Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 104. (b) Amortization $12,000 Instructions (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (b) Prepare a bond premium amortization schedule for the first 4 interest periods. (c) Prepare the journal entries for interest and the amortization of the premium in 2017 and 2018. (d) Show the balance sheet presentation of the bond liability at December 31, 2018. (d) Premium on bonds payable $96,000 interest for the period has already been paid. Tooting 019 rol voor of bond Imerest on Jant PROBLEMS Instructions Prepare entries to record issuance of bonds interest accrual, and bond redemption (LO 2,4) TO P15-1A on May 1, 2017. Herron Corp. issued $600,000, 9%, 5-year bonds at face value. The bonds were dated May 1, 2017, and pay interest annually on May 1. Financial state- ments are prepared annually on December 31. si conosobom (a) Prepare the journal entry to record the issuance of the bonds. asul (6) Prepare the adjusting entry to record the accrual of interest on December 31, 2017 (c) Show the balance sheet presentation on December 31, 2017 (d) Prepare the journal entry to record payment of interest on May 1, 2018. ga (e) Prepare the adjusting entry to record the accrual of interest on December 31, 2018. (Assume that on January 1, 2019, Herron pays the accrual bond interest and calls the bonds. The call price is 102. Record the payment of interest and redemption of the bonds. (d) Int. exp. 318,000 at 98. Prepare entries to record issuance of bonds, interest accrual, and bond redemption (LO 2.4) 132 bro narit Slot motosino instructions P15-2A Kershaw Electric sold $6,000,000, 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and paid interest on January 1. The bonds were sold 100.82 blozofulan Aa-arg Tibbow brod a) Prepare the journal entry to record the issuance of the bonds on January 1, 2017, 6) At December 31, 2017, $8,000 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December C) On January 1, 2019, when the carrying value of the bonds was $5,896,000, the com- pany redeemed the bonds at 102. Record the redemption of the bonds assuming that mento 810S 31, 2017 (c) Loss $224,000
