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record all journal entries. for c,d,e please do journal entries along with amortization schedule. effective interest method for A, B - record journal entries for

record all journal entries. for c,d,e please do journal entries along with amortization schedule. effective interest method image text in transcribed
for A, B - record journal entries for C, D, E - record journal entries and AMORTIZATION schedules Luna's Feather Plows, Inc. is owned by luna the Cat. As everyone who hasacat knows, they own what is in their space. Luna the Cat personally selects the feathers for each pillow when she is in the mood to do some work. Otherwise, she hangs out at the milk bar. All transactions in this packet relate to Luna's Feather Pillows, Inc. The focal year is a calendar year A On January 1, 2020, Luna's Feather Pillows, Inc borrowed $100,000 at 6%. The loan is due December 31, 2020. Record, in good form, the journal entries related to this borrowing B. On January 1, 2020, Luna borrowed $250,000 by issuing a note. The note matures on December 31, 2021. Record, in good form, all the journal entries related to this borrowing C On January 1, 2021, Luna's Feather Pillows, Inc. issued bonds dated January 1, with a face amount of $800,000. The bonds mature on December 31, 2024 (4 years) and pay interest annually. The market yield for bonds of similar risk and maturity was when the bonds were Issued. Prepare, in good form, all the journal entries and amortization schedule for the bonds D. On January 1, 2021, Luna's Feather Pillows, Inc. issued ex bonds dated January 1, with a face amount of $800,000. The bonds mature on December 31, 2025 (5 years) and pay interest annually. The market yield for bonds of similar risk and maturity was 12% when the bonds were issued. Prepare, in good form, all the journal entries and amortization schedule for the bonds E On January 1, 2021, Luna's Feather Pillows, Inc. issued bonds dated January 1, with a face amount of $800,000. The bonds mature on December 31, 2025 (5 years) and pay interest semi annually. The market yield for bonds of similar risk and maturity was when the bonds were issued. Prepare, in good form, all the journal entries and amortization schedule for the bonds effective interest

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