Question

Just need the journal entries thanks

On January 1,2023, Larkspur Inc. $ Ild 14% bonds having a maturity value of $720,000 for $771,912, which provides the bondholders with a 12% yield, The bonds are dated January 1,2023 , and mature on January 1,2028 , with interest payable on January 1 of each year. The company follows IFRS and uses the effective interest method. Prepare a schedule of interest expense and bond amortization for 2023 through 2026 . (Round answers to 0 decimal places, e.s. 5,275.1 Prepare the journal entries to record the interest payment and the amortization for 2023. (Round answers to 0 decimal places, e.s. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)