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Sol Company is issuing the bond on Jan 1 , 2 0 2 1 as follows: Face Value: $ 5 0 0 0 0 Contractual

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Sol Company is issuing the bond on Jan 1,2021 as follows:
Face Value: $50000
Contractual Interest Rate: 4%, payable annually
Due in 5 years on Jan 1,2026
Please compute the Bond price at the issuance in three case scenarios below and complete the amortization table of the discount/premium
Please prepare all journal entries between Jan 1,2021 to Jan 1.2026(i.e., issuance of bond, accrual of interest at the end of each year, payment of interest, redemption of bond on maturity)
Case 1. When market rate is 4% same as the contractual rate
Yearly intrest payment= Face value of Bond* coupon rate =50000**4%=2000
Dec 31,2021-2025
Jan 1,2022-2026
Jan 1,2026 Case 2. When the market rate is 5%
Jan 12021
Cash
Bonds payable
Dec 31, Case 3. When the market rate is 3%
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