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Question No. 11 VOG Itd. issued $500,000 of 8-year, 9% bonds at 102 on January 1, 2018. The bonds pay interest annually. Assume that company

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Question No. 11 VOG Itd. issued $500,000 of 8-year, 9% bonds at 102 on January 1, 2018. The bonds pay interest annually. Assume that company uses straight line method for amortization. Prepare the journal entries to record the following events: (a) The issuance of the bonds. (b) The accrual of interest on December 31, 2018. (c) The redemption of bonds on January 1, 2021 at 99

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