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Please solve this and provide solutions to answers. Thanks! Bonds Payable Practice Problem: On December 1, 2001, Korn Co. issued its 6%, 10-year, $2,000,000 face

Please solve this and provide solutions to answers. Thanks!
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Bonds Payable Practice Problem: On December 1, 2001, Korn Co. issued its 6%, 10-year, $2,000,000 face value bonds to yield 98 plus accrued interest. Korn appropriately uses the effective-interest method for the 8%. Interest is payable on December l and June 1, On July 1, 2004, Korn reacquired the bonds at amortization of bond discounts or premiums and rounds all calculations to the nearest dollar amount. Required 1. Prepare an amortization schedule through December 1, 2004. 2. Determine the cash proceeds for the bond when issued on December 1, 2001. 3. Prepare journal entries for the following dates: A. December 1, 2001 B. December 31, 2001 (year-end) C. June 1, 2002 D. December 1, 2002 E. December 31, 2002 (year-end) F. July 1, 2004 4. Determine interest expense as shown on the income statement for 2002. 5. Show the balance sheet presentation related to the bonds as of December 31, 2002

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