(Question 1)- On March 31,2023 Baker conpany issues $575,000 ,4%, 5 year bonds at face value. Interest is payable on september 30 and march 31st od each year .

a) Prepare the entry for March 31,2023

b) Prepare the entry to pay interest on september 30,2023

c) Prepare the entry accrue interest on december 31,2023

d) Prepare the entry to pay interest on March 31,2024

(Question2)-Alder Company issued $725,000 3% 20years bonds at 101 on april 30,2023. Interest is payable on october 31 and april of each year.

a) prepare the entry for april 30,2023

b) Prepare the entry to pay interest on october 31 and amortize the prenium

c)prepare the entry to accrue interest on december 31, 2023 and amortize the prenium

d)prepare the entry to pay interest and amortize the prenium at april 30,2024

Homework 15-1 On March 31, 2023 Baker Company issued $575,000,4%,5 year bonds at face value. Interest is payable on September 30 and March 31 of each year. Prepare the entry for March 31, 2023: 3/31/23 Prepare the entry to pay interest on September 30, 2023: 9/30/23 Prepare the entry to accrue interest on December 31,2023 : 12/31/23 Interest Payable Prepare the entry to pay interest on March 31, 2024: 3/31/24 Interest Expense Homework 15-2 Adler Company issued $725,000,3%,20 years bonds at 101 on April 30, 2023. Interest is payable on October 31 and April 30 of each year. Prepare the entry for April 30, 2023: 4/30/23 Premium Prepare the entry to pay interest on October 31 and amortize the premium: 10/31/23 Interest Expense Prepare the entry to accrue interest on December 31,2023 and amortize the premium: 12/31/23 Premium Prepare the entry to pay interest and amortize the premium at April 30, 2024: 4/30/24 Interest Payable