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show all the work and type it out so i can copy and paste. thank you very much Question 38 Not yet answered Marked out

show all the work and type it out so i can copy and paste. thank you very much image text in transcribed
Question 38 Not yet answered Marked out of 10.00 P Flag question The Vancouver Canucks issued ten year, $2 million bonds on August 1, 2020 with a coupon rate of 3%, at $1,836,486. This price reflected the prevailing market interest rate on similar risk rated bonds of 4%. Interest is paid on a semi annual basis every August 1st and February 1st. The Vancouver Canucks have a July 31 year end. Instructions (a) is the bond being issued at a premium or discount? Why? (2 marks) (b) Record the issue of the bonds on August 1, 2020 (1 mark) (c) Record the payment of interest on Feb 1, 2021. (3 marks) (d) Record the accrual of interest on July 31, 2021. (3 marks) (e) Record the retirement of the bonds on August 1, 2030. (1 mark) BONUS: Record the payment of interest on Feb 1, 2021 if the bond price was $2,171,686 and the coupon rate was 4% at issuance. What's the difference? (3 marks) [Note - Please do not respond to this question in the text box below. Instead, utilize a word document, excel, or photos of your hand-written work. Please submit your work to the Written Work Submission under Week 10 of Moodle. Thank you

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