Problem 3 MacGregor Industries issued $20,000,000 of 9%, 10 year bonds. These bonds have interest payment dates of April 1 and October 1. The bonds were issued at a price of 100 on May 1, 2016. Prepare the following joumal entries : prepare the journal entries needed on the following dates Date Account Titles Debit Credit May 1 Oct 1 Page 4 of 4 805 words LIK Focus 100% 1632 205 esc 20 F2 2. Richmonds Inc purchases a delivery truck and signs a 60 month, $30,000,8 % installment note payable to pay for the truck. The monthly payment is $600 per month. Complete the amortization table below (round all amounts to the nearest whole dollar) Payment # Principal New Principal Interest Payment Principal Payment $30,000 Monthly Payment $600 1600 $600 2 3 In the space below, enter the journal entry to record the first monthly payment