QUESTION A

$\frac{1231}{2029}$

Does the bond trade at a discount or premium? How do yau know?

What is the face value of the bond?

Prepare journal entry oh company books at issue date

Prepare journal entry to record first interest payment

Prepare entry to show accure interest on March $31$ as there financial year end is March$31$

On Dec $31$ bonds retired for cash$1400000$ by issuer after interest is paid. Prepare journal entry to record gain or loss on bond redemption