Question 2: Journalize the following...

• On the first day of the fiscal year, a company issues a $1,700,000, 11%, 8-year bond that pays semiannual interest of $93,500 ($1,700,000 11% ), receiving cash of $1,459,112. Journalize the entry to record the issuance of the bonds.
• On the first day of the fiscal year, a company issues a $1,700,000, 6%, 6-year bond that pays semiannual interest of $51,000 ($1,700,000 6% ), receiving cash of $1,617,863. Journalize the first interest payment and the amortization of the related bond discount.
• On the first day of the fiscal year, a company issues a $2,000,000, 10%, 4-year bond that pays semiannual interest of $100,000 ($2,000,000 10% ), receiving cash of $2,065,960. Journalize the bond issuance.
• On the first day of the fiscal year, a company issues a $2,100,000, 7%, 9-year bond that pays semiannual interest of $73,500 ($2,100,000 7% ), receiving cash of $2,572,252. Journalize the first interest payment and the amortization of the related bond premium. Round to the nearest dollar.
• A $860,000 bond issue on which there is an unamortized premium of $82,000 is redeemed for $757,000. Journalize the redemption of the bonds
• On the first day of the fiscal year, a company issues $39,000, 10%, four-year installment notes that have annual payments of $12,303. The first note payment consists of $3,900 of interest and $8,403 of principal repayment. Journalize the entry to record the issuance of the installment notes. Journalize the first annual note payment.