r 10- Homework Assignment O Seved On January 1, 2018, Surreal Manufacturing issued 640 bonds, each with a face value of $1,000, a stated interest rate of 3 percent paid annually on December 31, and a maturity date of December 31, 2020. On the issue date, the market interest rate was 4 percent, so the total proceeds from the bond issue were $622.242. Surreal uses the simplified effective-interest bond amortization method and adjusts for any rounding errors when recording interest in the final year. Required: 1. Prepare a bond amortization schedule. 2-5. Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the interest and face value payment on December 31, 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 102 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 to 5 Prepare a bond amortization schedule. (Do not round intermediate calculations. Round your answers to the nearest whole dollar. Make sure that the Carrying value equals to face value of the bond in the last period. Interest expense in the last period should be calculated as Cash Interest (+)/(-) Reduction in Bonds Payable, Net.) Beginning of Year Changes During the Period End of Year Bonds Interest Increase in Bonds Payable, Net Period Bonds Cash Paid Payable, Net Expense Payable, Net 01/01/18 - 12/31/18 01/01/19 - 12/31/10 0101/20-12/31/20 Req 2 to 5 > Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the value payment on December 31, 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Require field. Round your answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1. Record the issuance of 640 bonds at face value of $1,000 each for $622,242. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2018 Record entry Clear entry View general journal ( Req 1 Geved Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the interest and face value payment on December 31, 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 102- not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first acc field. Round your answers to the nearest whole dollar.) Show less View transaction list Journal entry worksheet Record the interest payment on December 31, 2018. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2018 View general journal Clear entry Record entry Reg 1 Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the interest and face value payment on December 31, 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 102. (Do not round intermediate calculations, If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) Show less A View transaction list Journal entry worksheet 4. Record the interest payment on December 31, 2019. Note: Enter debits before credits. Debit Credit General Journal Date Dec 31, 2019 View general journal Clear entry Record entry ( Req 1 6 of 8 pter 10 - Homework Assignment Saved Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the interest and face value payment on December 31, 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 102. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) Show less4 View transaction list =Book Journal entry worksheet Print 3 Record the interest and face value payment on December 31, 2020. Note: Enter debits before credits. General Journal Date Debit Credit Dec 31, 2020 View general journal Clear entry Record entry Prev ter 10 - Homework Assignment Spred Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the interest and face value payment on December 31. 2020 and the bond retirement. Assume the bonds are retired on January 1, 2020, at a price of 102. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) Show less a View transaction list Book Journal entry worksheet rint 3 Record the retirement of the bonds at a quoted price of 102, assuming the bonds are retired on January 1. 2020. Note: Enter debits beforu credits. Date General Journal Debit Credit Jan 01, 2020 View general jourmal Clear entry Record entry Reg2tos ( Req 1