Super Co. issued $3,000,000 8% 5-year bonds on 1 April 20x1. The market rate for similar bonds was 6%. The bonds pay interest semi-annually on 30 September and 31 March, with the principal repaid at the end of the 5th year. The company's year-end is 31 December.

a. Determine the issue price of the bonds on 1 April 20x1.

b. Prepare the journal entry for Super Co. on 30 September 20x1.

c. Prepare the journal entry for Super Co. on 31 December 20x1.

d. Super Co. repurchased 50% of its bonds on the open market at 112.2 on 1 April 20x2. Prepare the journal entry to record this repurchase.

e. Ignoring the question above, assume that Super Co. repurchased 50% of its bonds on the open market at 98.7 on 1 April 20x2. Prepare the journal entry to record this repurchase.