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PROBLEM 5-On April 1, 2020, Eiche Company issues $2,500,000 of 6%, 10-year bonds, interest payments made each October 1 and April 1.The bonds are issued

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PROBLEM 5-On April 1, 2020, Eiche Company issues $2,500,000 of 6%, 10-year bonds, interest payments made each October 1 and April 1.The bonds are issued at 98. Eiche Con amortizes any premium or discount using the straight-line method. Required: Record all bond transactions on the following dates: 1. April 1, 2020. 2. October 1, 2020. 3. December 31, 2020, the fiscal year end. 4. April 1, 2021 ROBLEM 6-Doug's Boat Shop, Inc. reports operating income of $260.000 interest pense of $31,200. Thesoktld

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