QUESTION #5 BONDS PAYABLE On January 19, 2026 Ticktoc issued for par $4,000,000 in 20 year 10% bonds (current market interest rate is 10%). Interest to be paid annually on December 31st, each year. Prepare the journal entry to record the sale of bonds on January 1" Prepare the journal entry to record the payment of Interest on December 31". Prepare the journal entry to record the repayment (or retirement) of Bonds on January 1", in 20 years. 14 On January 15, 2026 Danty Corp. purchased $500,000 of Ticktoc 20 year 10% bonds (current market interest rate is 10%) for par. Interest will be paid each December 31*... Prepare the journal entries required by Danty Corp. on: January 19, 2026 December 31, 2026 The repayment (or retirement) of Bonds on January 1", in 20 years. QUESTION #7 INVESTMENTS & BONDS PAYABLE ENTRIES On February 15, 2026, XYC Company purchase $400,000 of Getty 5% 10 year bonds for $380,000. Interest is to be paid each Feb 1" for the next ten years. Prepare the journal Entry required on each of the following dates ON THE BOOKS OF XYC COMPANY: Feb 14.2026 Dec 31, 2026 Feb 1. 2027 Prepare the journal Entry required on each of the following dates ON THE BOOKS OF GETTY COMPANY: Feb 1". 2026 16 ec 31, 2026 Feb 1", 2027