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Sandhill's Motor Corp. issued $400,000 of 8.5%, 5-year bonds on April 1, 2024. Interest is payable semi-annually on April 1 and October 1. On April

Sandhill's Motor Corp. issued $400,000 of 8.5%, 5-year bonds on April 1, 2024. Interest is payable semi-annually on April 1 and October 1. On April 1, 2026, immediately after making and recording the semi-annual interest payment, Sandhill's redeemed the bonds. Below is a partial amortization schedule for the first few years of the bond issue. Sandhill's Motor Corp. Bond Discount Amortization Schedule Interest Payment Interest Period 01-Apr. 2024 01-Oct. 2024 $17,000 01-Apr. 2025 01-Oct. 2025 01-Apr. 2026 17,000 17,000 17,000 Interest Expense The bonds were issued at a $18,841.74 18,933.83 19,030.52 19,132.04 Amortization $1,841.74 Were the bonds issued at a discount or at a premium? 1,933.83 2,030.52 2,132.04 Bond Carrying Amount $376,834.80 378,676.54 380,610.37 382,640.89 384,772.93
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Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 100 . (List all debit entries before credit entrites Credit occount titles are outomotically 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 amounits. Round answers to 2 decimal places, es, 5,275.25.) Sandhill's Motor Corp. issued $400.000 of 8.5%,5-year bonds on April. 1.2024. Interest is payable semi-annually on April 1 and bonds. Below is a partial amortization schedule for the first few years of the bond issue. Were the bonds issued at a discount or at a premium? The bonds were issued at a What is the bond's face value? Face value What will be the bond s carrying amount at the maturity date? Bond's earrying amount Prepare the journal entry to record the redemption of the bonds assuming they were redeemed at 96 . (List all debit entries before credt entiles. Credit account tittes 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. Round answers to 2 decimal places, e.8. 5.275.25.) Prepare the journal entry to record the payment of interest on Oct 1, 2024. (List all debit entries beforecredit entries. Credit account titles are automatically indented when the amount is entered. Do not indent monually. If no entryis required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 2 decimal places, e.8, 5,275.25

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