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Thank you Kingbird Ltd. issued $550,000 of 15-year, 6.00% bonds on January 1, 2022, when the market interest rate was 5.00%. The cash received at

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Kingbird Ltd. issued $550,000 of 15-year, 6.00% bonds on January 1, 2022, when the market interest rate was 5.00%. The cash received at the issuance of the bond was $607,558.30. Interest is payable semi-annually on July 1 and January 1. Kingbird has a December 31 year end. Record the accrual of the interest on December 31, 2022. (Credit account titles 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.g. 15.75.) Prepare a bond amortization schedule for the first four interest periods, using the effective-interest method. (Round answers to 2 decimal places, e.g. 15.75. Date Account Titles and Explanation Debit Credit KINGBIRD LTD. Dec. 31 Bond Premium Amortization Schedule Effective-Interest Method Semi-Annual Interest Period Interest Payment Interest Expense Amortization Issue Date, Jan. 1, 2022 July 1, 2022 eTextbook and Media Jan. 1, 2023 July 1, 2023 List of Accounts Jan. 1, 2024 eTextbook and Media Question Part Score --/0.2 List of Accounts Show the balance sheet presentation of the bonds at December 31, 2022. (Round answers to O decimal places, e.g. 5,125.) Question Part Score -/0.35 KINGBIRD LTD. Balance Sheet (Partial) Record the issue of the bonds and the first interest payment. (Credit account titles 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.g. 15.75.) Date Account Titles and Explanation Debit Credit Jan. 1 $ July 1 eTextbook and Media List of Accounts NI eTextbook and Media V List of Accounts Question --/0.25

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