Question P11. 2

T U WC UUMUS. P11.2 (LO 2, 4) Ker 4) Kershaw Electric Ltd. sold 6,000,000. 10%. 15-vear bonds on January 1, 2020. The vere dated January 1, 2020, and paid interest on January 1. The bonds were sold at 98. bonds were dated January Instructions b. At December 31, 2020. th e the journal entry to record the issuance of the bonds on January 1, 2020. December 31, 2020, the amount of amortized bond discount is 8.000. Show the statement of al position presentation of the bond liability at December 31, 2020. January 1, 2022, when the carrying value of the bonds was 5.896.000, the company redeemed he bonds at 102. Record the redemption of the bonds assuming that interest for the period has c. On January 1 already been paid