Question 5 (9 points) Booker Corporation issued $550,000 of 6%, 10-year bonds at par value on October 01, 2019 that pay interest each October 1. The company's year end is December 31. Required: (round all answers to the nearest whole dollar) Prepare the journal entries that Booker Corporation would make to record: a. The issuance of the bopd. (2 marks) b. The year end adjusting entry on December 31. (3 marks) c. The first interest payment. (4 marks) D oc - Format BI U - GENERAL JOURNAL ACCOUNT TITLES AND DEBIT CREDIT DATE EXPLANATION Question 3 (2 points) On January 1, 2019 Wilson Ltd. issued $450,000, 9% bonds due in 8 years. The interest on the bonds is payable annually on December 31. On the issue date, the market rate of interest was 8%. Required: Calculate the issue price of the bond. (2 marks) Note: Round all answers to the nearest dollar D DC - Format B IV - Question 2 (8 points) Sunny Day Inc. reported the following equity balances on December 31, 2019: Common shares, 220,000 shares issued Retained earnings Total equity $1,540,000 321,000 $1,861,000 In 2020, Sunny Day Inc. completed the following equity related transactions: April 14 Reacquired 22,000 common shares at $8.00 per share. (This is the first time Sunny Day Inc, reacquired shares.) June 5 Reacquired 18,000 common shares at $6.50 per share. Required: Prepare the journal entries for the above transactions. (8 marks) D - Format B IU - GENERAL JOURNAL